Neofeudalism

Near-synonym: technofeudalism

The founding fathers of the American Republic understood this point perfectly well when they built a system of checks and balances into the American Constitution in an attempt to confine neofeudalism to the Old World.

Neofeudalism is rhetorically pitted against a purer, romanticized form of capitalism characterized by small and medium-sized enterprise operating in a “free,” but disciplining market. Neofeudalism is also used by activists critical of capitalism itself.

Neoliberalism therefore is the default position of capitalism to which it reverts unless restrained by popular struggles against its institutionalized rule in political systems such as neofeudalism, managed democracy and inverted totalitarianism.