This isn't the confederacy that's taken over, this is a hostile acquisition by corporations. The key difference is that while there's a blatantly racist tone to the current administration, it's all a cover to make the racist conservative block feel like they've won, while the corporations get all the deregulation they want, and everyone who is not wealthy is getting their pockets cleaned and their right to complain removed.
"If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you." -President Lyndon B. Johnson