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In reply to the discussion: Austerity = Feudalism [View all]

white_wolf

(6,257 posts)
5. In some ways capitalism is worse than feudalism.
Sun May 13, 2012, 12:38 PM
May 2012

Serfs were bound to the land and there was very little upward mobility, that is true. However, there was an upside to being bound to the land. You would never be unemployed, the lord had an obligation to provide certain protections to his vassals in exchange for their oaths of fealty. In modern capitalism the capitalists feel no obligation to their employes and there is no guarantee of protections or employment.

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