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.
Chinese Feudal Hierarchy. Chinese feudal hierarchy was quite similar to the British feudal hierarchy. China witnessed the evolution of feudalism between the eras of 1122 BC to 256 BC in the ruling period from the Zhou dynasty to the Qin dynasty.