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It's an allegory for the elimination of the middle class and a shift to a techno-oligarchy where the under-class, what you may term a serf, labours for the ruling "noble" class. The Games are a forced and deadly reminder of why trying to rise up against your oppressors will get you killed.
I think the author was creating a thought experiment about the future of the world if the corporate machine is allowed to continue on its current path(i.e. rivaling the power of governmental bodies) unchecked.
Or the writer gets off on torturing little kids, I dunno.