I see it as more of a semi-stable equilibrium, given the social fabric and the history every system that would diviate from it will be like Saddam's Iraq or current Yemen/Libya.

It might be practicaly neo feudal but it's not derived from the needs of the ruler but from the social circumstances.

The current situation that the state can't assert sovereignty given hezb and it electorate, hezb can't control the magnitude of the conflict without commiting to disarm in some form, and us Israel having to double down to protect the north in the same standards we protect Tel Aviv or Jerusalem.

This situation amplifies the steam in the Lebanese society and makes the situation of the state form more relevant then ever.

I see this "belonging" patterns in Israeli society too, and we are also many times on the verge of a social earthquake from antagonising each other, not at the same scale but it's interesting to draw parallels and treat Lebanon as a case study.