No, they are quite different. Both are class societies, but feudalism was tied to agrarian production, while capitalism is driven by industrial production. It’s less about hierarchy and more about class. As for socialism, it’s already usurping capitalism, the PRC is the world’s largest and most important economy and it’s in the developing stages of socialism.
No, they are quite different. Both are class societies, but feudalism was tied to agrarian production, while capitalism is driven by industrial production. It’s less about hierarchy and more about class. As for socialism, it’s already usurping capitalism, the PRC is the world’s largest and most important economy and it’s in the developing stages of socialism.