“As I pointed out, feudalism is essentially a redistributive system. Peasants and craftsmen produce things to a large extent autonomously; lords siphon off a share of what they produce, usually by dint of some complex set of legal rights and traditions ("direct-juro-political extraction" is the technical phrase I learned in college), and then go about portioning out shared of the loot to their own staff, flunkies, warriors, retainers - and to a lesser extent, by sponsoring feasts and festivals and by occasional gifts and favours, giving some of it back to the craftsmen and peasants once again. In such an arrangement, it makes little sense to speak of separate spheres of "politics" and "the economy" because the goods are extracted through political means and distributed for political purposes.”