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Pursuing feudalism in a country that famously loathes kings is a bold move, let's see if it works out for them. It might seem like it's working out for them at the moment. I'm not sure how long that's actually going to last though. I think they are standing on top of a volcano of public anger and they don't seem concerned about how the ground keeps rumbling because they are wearing lava-proof suits. I think when they actually get submerged in lava they are going to find they have many other weaknesses and vulnerable spots they didn't realize and in fact "the goggles do nothing!"
Eventually the suits will be all that's left of them.
We loathe some idealized image of kings, but there's plenty of bootlickers here who don't understand how billionaires are just a repackaged version.
Technofeudalism is probably a reference to Varoufakis' book, so more feudalism as an economic system, rather than a return to monarchy and aristocracy. The political side would just be fascism