Traditional Culture Encyclopedia - Traditional festivals - Disadvantages of feudal landlord system economy in China
Disadvantages of feudal landlord system economy in China
Feudal landlord economy is an unequal economic system. Because the landlord owns the land, it has severely squeezed the fruits of farmers' labor. On the one hand, they have dampened farmers' enthusiasm for production, while social production efficiency has always been low. On the other hand, the owner of the land uses the land and accumulates wealth continuously, which leads to a great gap between the rich and the poor in society. At the same time, this economic system has also slowed down the accumulation of private capital and greatly slowed down the emergence of Chinese national capitalism.
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