Arnold Kling envisions it:
Perhaps the middle-class affluence that emerged during the latter part of the industrial age is not going to be a feature of the information age. Instead, we could be headed into an era of highly unequal economic classes. People at the bottom will have access to food, healthcare, and electronic entertainment, but the rich will live in an exclusive world of exotic homes and extravagant personal services.
This frightens Frum:
[T]he distribution of power tends to follow the distribution of wealth. If only a comparative few own, then only a comparative few will rule. If it’s indeed inevitable as Kling hypothesizes that wealth must concentrate in the information age, then it’s equally inescapable that democracy must yield to a new political system that better protects the interests of those who possess it. Understand that implication–and brood on it.
The Dish 