Although the terms are similar, neoliberalism is distinct from modern liberalism. Both have their ideological roots in the classical liberalism of the 19th century, which championed economic laissez-faire and the freedom (or liberty) of individuals against the excessive power of government.
The 'feudal system' is the name for a power structure where people held their land in return for promising loyalty, known as doing homage, and providing services such as working or fighting for their lord.
The Decline of Feudalism The Medieval Feudal system, feudalism, worked well for many hundreds of years. The decline of feudalism occurred due to a number of events which occurred during the Medieval era of the Middle Ages.