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.
feudalism. 1  the economic, political, and social system in medieval Europe, in which land, worked by serfs who were bound to it, was held by vassals in exchange for military and other services given to overlords.2  a society organized like that in medieval Europe. Feudalism was abolished in 1836, and in 1848 complete political union with Piedmont was granted, the viceregal government being suppressed, and the island being divided into three divisions of which Cagliari, Sassari and Nuoro were the capitals. 2  Feudalism was not at any time a national institution.