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.
Define feudalism. feudalism synonyms, feudalism pronunciation, feudalism translation, English dictionary definition of feudalism. n. 1. A political and economic system of Europe from the 9th to about the 15th century, based on the holding of all land in fief or fee and the resulting...