Neofeudalism is a pejorative term used by some critics to describe the policies of various right-wing politicians, particularly those in the American Republican Party. The justification is that government policies are allegedly instituted with the specific intent, or at least the effect, of radically increasing the wealth gap between the rich and the poor while increasing the power of the rich and decreasing the power of the poor (also see wealth condensation). This effect is considered to be similar to classical feudalism. In politics, right-wing, the political right, or simply the right, are terms which refer, with no particular precision, to the segment of the political spectrum in opposition to left-wing politics. ... The Republican Party, often called the GOP (for Grand Old Party, although one early citation described it as the Gallant Old Party) [1], is one of the two major political parties in the United States. ... The Lorenz curve was developed by Max O. Lorenz in 1905 as a graphical representation of income distribution. ... Wealth condensation is a theoretical process by which, in certain conditions, newly-created wealth tends to become concentrated in the possession of already-wealthy individuals or entities. ... Feudalism comes from the Late Latin word feudum, itself borrowed from a Germanic root *fehu, a commonly used term in the Middle Ages which means fief, or land held under certain obligations by feodati. ...

Among the concerns of those who use the term are globalization, multinational corporations, and "corporatism". Globalization (or globalisation) is a term used to describe the changes in societies and the world economy that are the result of dramatically increased trade and cultural exchange. ... A multinational corporation (MNC) or transnational corporation (TNC) is one that spans multiple nations; these corporations are often very large. ... The term corporatism has different meanings in different contexts. ...

Feudalism was a form of socioeconomic organization prevalent in medieval Europe and pre-industrial Asia, whereby political and economic control was maintained by a small group of feudal lords within a decentralized state. The vast majority of the population living in feudal Europe was legally bound to provide farming, husbandry and other agricultural services on land held by the nobility. In return, the lord offered protection and some measure of localized stability. One specific and alternative application of the term neofeudalism alleges that corporate and government policies make workers dependent on the corporations, as well as making the economic power of the corporations greater than the power of national governments. This, detractors say, leads to a situation where workers are dependent on private interests that are more powerful than government, resembling the situation that prevailed during historic feudalism. Some critics link these processes to neoliberalism. Feudalism comes from the Late Latin word feudum, itself borrowed from a Germanic root *fehu, a commonly used term in the Middle Ages which means fief, or land held under certain obligations by feodati. ... Socioeconomics is the study of the social and economic impacts of any product or service offering, market intervention or other activity on an economy as a whole and on the companies, organization and individuals who are its main economic actors. ... The Middle Ages formed the middle period in a traditional schematic division of European history into three ages: the classical civilization of Antiquity, the Middle Ages, and modern times, beginning with the Renaissance. ... World map showing location of Europe A satellite composite image of Europe Europe is geologically and geographically a peninsula, forming the westernmost part of Eurasia. ... World map showing location of Asia A satellite composite image of Asia Asia is the central and eastern part of the continent of Eurasia, defined by subtracting the European peninsula from Eurasia. ... Feudalism comes from the Late Latin word feudum, itself borrowed from a Germanic root *fehu, a commonly used term in the Middle Ages which means fief, or land held under certain obligations by feodati. ... Decentralisation (or decentralization) is any of various means of more widely distributing decision-making to bring it closer to the point of service or action. ... The Lords and Barons prove their Nobility by hanging their Banners and exposing their Coats-of-arms at the Windows of the Lodge of the Heralds. ... The term neoliberalism is used to describe a political-economic philosophy that had major implications for government policies beginning in the 1970s – and increasingly prominent since 1980 – that de-emphasizes or rejects positive government intervention in the economy (that complements private initiative), focusing instead on achieving progress and even social...

The argument over neofeudalism is part of the controversy over income redistribution born out of massive societal shifts during the industrial revolution. At the time the issue was wealth disparity between classes, landholders, entrepreneurs, peasants, workers, and other economic and social groups. Neofeudalism encompasses the current debate over globalization to include entire societies, countries, regions ("North" versus "South", "Western" versus "non-Western"), and supra-national non-state actors. Unlike other geopolitical issues such as environmentalism and security, the charge of "neofeudalism" largely focuses on economics. Income redistribution or redistribution of wealth is a political policy promoted by members of the political left, especially socialists, and opposed by members of the political right. ... The Industrial Revolution is the name given to the massive social, economic and technological change in 18th century and 19th century Great Britain. ... A social class is a group that shares the same or similar social status. ... Geopolitics analyses politics, history and social science with reference to geography. ... Environmentalism is activism aimed at improving the environment, particularly nature. ... This page covers security in the sense of protection from hostile action. ... Economics (deriving from the Greek words οίκω [oeko], house, and νέμω [nemo], distribute) is the social science that studies the allocation of scarce resources through measurable variables. ...