ELI5: Explain Like I'm 5

Neo-feudalism

Neo-feudalism is a way of living where people are not free to make their own decisions. Instead, powerful people in society, such as wealthy business owners, control the lives of ordinary people. This rich group of people can decide who works where and how much money they get. The ordinary people have to follow their decisions, so they do not have much freedom or power. In a neo-feudal society, everything is decided by the wealthy people.