Feudalism is a great system because if the serfs see how rich and powerful the baron is they will be excited and inspired to work extra hard in the hope they can become the baronhttps://twitter.com/bryan_caplan/status/1022502622639661061 …
If you have to kill the baron to be the baron (bc political power is zero-sum), the odds are too long and the risks are too great. If you can work hard to create new value and become the second baron w/o displacing the first, it's a much better choice. Huge difference.