You say "At an extreme end, we’d see things like, people not being able to quit their jobs because their bosses (with more power) would be able to kill them, people not being able to protest government corruption because the governments would just “disappear” them. Normal people would lose all bargaining power, and would be completely at the mercy of the rich, the oligarchs, and the politicians."
This is pretty much a description of life in Russia, North Korea or China. Dictatorships are like that, and it doesn't really matter whether the Dictatorship is Commmunist or Nazi: the citizens live without human rights regardless of the official narrative for the Dictatorship. George Orwell describe Putin's motivation in 1984: "We know that no one ever seizes power with the intention of relinquishing it. Power is not a means; it is an end. One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship. The object of persecution is persecution. The object of torture is torture. The object of power is power."