Yes, but that's not how any modern even-moderately-liberal democracy is organized to any meaningful extent. So it might be relevant in Russia, but not in the U.S., U.K., Germany, Japan, etc..

Using logic that applies to serfs when trying to deal with middle-class issues is very unlikely to go well.

For instance, basically every country save the U.S. has national health care, because the type of optimizations that you get with capitalism aren't ones you want applied to human health. That there are people making lots of money off the status quo does not mean that the society is organized to immiserate the many, but rather than there are a few who gleefully exploit the biases and conflict among the many that keep them from doing what the rest of the world has already shown is better.

There's lots of exploitation of loopholes in the system that at its core hands all power of note ultimately to the many--and very intentionally so. Society might need to get its act together, but it doesn't need to shoot itself in the foot in the hope that this will somehow improve matters.