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That’s basically what I’m saying, though this is a problem that has always existed in the US and isn’t just something that’s started recently. It’s also a problem that is unevenly distributed along racial, ethnic, ableist, and sexual lines.
Essentially, all agreements are coerced by the surrounding material conditions, which themselves are created by private property. I can’t just go out into the woods and catch food, I need a permit or permission from the local land owner. I can’t just tear up the ground and grow crops, I need to own the land or make a business arrangement with the person who does own the land.
Society is run by petty tyrants, the fact that my Lord is a business owner instead of a member of government makes no difference to me.