Yes this is exactly right. There's a logical endpoint to their worldview: feudalism. It's got everything they want: the jobs (100% employment!), the genuflecting, the huge profits.
I think I first heard it from Yanis Varoufakis (https://youtu.be/YpOLHSzZ8jc). Watched as many interviews of him as I could find during those long days at the beginning and middle of the pandemic. He's an exceedingly sane person.
Yeah I wasn't gonna make a whole big thing about it, but I didn't pull that out of a hat. I know Varoufakis, but I hadn't heard him talk about techno-feudalism. In fact I'd heard the phrase "neo-feudalism" from people like Jodi Dean and Joel Kotkin, who have good stuff on this (though who's to say - I'm neither an economist nor a historian). I'll try to find YV's stuff and read it, I love him and I'm sure it's well thought out.
