What is Feudalism?

by Chanel Rose, posted in Business Ethics, Economics, My 2 Cents and Sadly No Coffee
feu·dal·ism
ˈfyo͞odlˌizəm/
noun

historical
  1. the dominant social system in medieval Europe, in which the nobility held lands from the Crown in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants (villeins or serfs) were obliged to live on their lord’s land and give him homage, labor, and a share of the produce, notionally in exchange for military protection.

Are we heading to a feudalistic society? Our rich keep getting richer and comparatively — and actually — our poor are getting poorer. I don’t want to live in a feudalistic society. Do you?

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