I don't entirely buy it. As I say on WorkArticulationTopologies, the myth of the hierarchy or feudalism is the permanence of the hierarchy. These new networks of non-state actors, co-ordinated via a BazaarOfViolence are not pure feudal. Nevertheless, what may be arriving is similar to my idea of InformationalistReductionOfCapitalism a similar informationalist reduction of feudalism.
To the extent that AlQaeda are NeoMedievalism they are not fascist.