Neo-feudalism refers to a social and economic system that resembles feudalism, a system of social hierarchy and obligations that existed in medieval Europe. Synonyms for this term include neofeudality, neoserfdom, technofeudalism, corporatocracy, and oligarchy. Neofeudality emphasizes the return to feudal-like structures in contemporary society, while neoserfdom highlights the dependence of the population on elites. Technofeudalism highlights the role of technology in increasing the power of the ruling class. Corporatocracy stresses the connection of power with corporations and oligarchy denotes rule by a small group of people. All of these synonyms call attention to the hierarchical and unequal structures of power and wealth in contemporary society.