The industrialists won by pushing people out of agriculture to manufacturing, and then out of manufacturing and into services. Now, the information overlords are cleaning whatever remnants were there in production and pushing the rest out of service jobs. Where do you think those people will go?

It's not about the top 1%. They can stay filthy rich for all I care. It's about the rest of us, about our families and friends. With career in software, I could probably outlast most people. By then though, I'll have to work to provide for 20 people, who have no marketable skills whatsoever. That's the core issue. Automation is replacing classes of jobs, and besides the already automated labour-intensive areas and currently automated brainpower-intensive areas, I don't see any class left for people. At least not big enough to hold everyone who needs a job.

At least "the old class of exploiters" offered legally enforceable employment for life (a paid servant could sue if dismissed for getting old, and a tenant was guaranteed the tenure of his farm at a fixed money rent not indexed to inflation; serfdom, meanwhile, had been abolished in England back in the 1500s). The industrialists didn't do that.