It's because capitalists aren't tied to the land like feudalists. When shit hits the fan, capitalists, especially commercial and financial capitalists, can always fuck off to another port with at least some of their capital and start over while feudalists are stuck with their shitty poorly managed land, thereby incentivizing them to not fuck up their feudal holdings.
It's because capitalists aren't tied to the land like feudalists. When shit hits the fan, capitalists, especially commercial and financial capitalists, can always fuck off to another port with at least some of their capital and start over while feudalists are stuck with their shitty poorly managed land, thereby incentivizing them to not fuck up their feudal holdings.