Well said. But what I haven't seen mentioned, is that this system will require a high degree of social control. Religion and racism will be used to keep these multigenerational factory drones angry at each other. Otherwise, they may begin to resent the fact that their wealthy masters have health care and leisure.
The real struggle is the class struggle. For capitalism to function, the average low-info worker can't be allowed to see that.
This is the inevitable progression of fascism. As dissenters are purged and our institutions closed, the standard of purity will, by definition, narrow. A fascist dictatorship has to have someone to punish. Even that, they'll be arresting people for not wearing a flag pin.