I don't think it's satire but the Snow Crash world is not supposed to be 'good', living standards way below 90s America, ecological devastation, etc. IMO Stevenson is pretty neutral towards the libertarian elements but the villains are pretty straightforwardly rightwing caricatures.
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I went back and reread Snow Crash a month or so ago; it’s absolutely bleak.
Even in the Metaverse stuff, Stephenson makes a point to discuss haves and have-nots - the lo-res people using public terminals, and the ones with access to compute.