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.
Definition of feudal - according to, resembling, or denoting the system of feudalism Definition of feudal - according to, resembling, or denoting the system of feudalism dictionary