Feudalism was present in medieval Europe:
Feudal systems in antique societies usually had the common feature of being ruled by an extremely wealthy and powerful upper class (nobles and aristocrats) with nearly complete legal power over the lives and well-being of the impoverished lower classes of laborers, craftsmen, service professionals, farmer workers, and bond-servants (individuals with debts so excessive that their only legal options were debtor’s prison, life as homeless ‘outlaws,’ or service to the upper class as serfs or houseservants). The feudal upper classes were not subject to the same set of laws as the lower classes. Thus one of the basic criteria for categorizing a society feudalistic might be simply that its laws and customs are designed to best serve the landed and wealthy while offering substantially lesser legal protections to the landless and working classes and those in debt.
Sound familiar?
Neofeudalism is what we have now:
“Neofeudalism literally means ‘new feudalism’ and implies a contemporary rebirth of policies of governance and economy reminiscent of those present in many pre-industrial feudal societies. The concept is one in which government policies are instituted with the effect (deliberate or otherwise) of systematically increasing the wealth gap between the rich and the poor while increasing the power of the rich and decreasing the power of the poor.”
For the serfs (individual workers and producers), the Cost of Government Day(COGD), the day of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government on the federal, state, and local levels, is now August 19, the latest date ever recorded. This means that the average American must work 230 days, or 63% of the year, to pay for the full cost of government. It also means that you keep only 37 percent of your labor. 63 out of every 100 hours you work is to pay for government.
Few Americans realize that over the last 94 years they have been enserfed and have no more rights to their own labor than medieval serfs or 19th-century slaves… In ‘free’ America today, ordinary Americans have no more claim to their own labor than a medieval serf. Some 19th-century slaves, whose skills were worth more in towns than on plantations, were leased by their owners to businesses in towns. The businesses would remit half of the slave’s wages to the owner. Out of the remainder, slaves could save enough to purchase their freedom. Today, we cannot purchase our freedom from the IRS.
The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank. Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion. Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows. Out of all borrowers, Citigroup received the most financial assistance from the Fed, at $2.5 trillion. Morgan Stanley came in second with $2.04 trillion, followed by Merill Lynch at $1.9 trillion and Bank of America at $1.3 trillion.
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