> The obvious difference is that the employees are free to change jobs at any time. Yes, they may need to move if there are literally no other jobs in town, but that's not an option serfs had in a fiefdom.
You misunderstand my point, and possibly the discussion. If the company is large enough to be a majority employer in the area and much of the social works of the area are provided by the company, then regardless of whether you work for them you are beholden to them in some way. The local government will not want to upset the local economy by be antagonistic with them, they'll set the local pay scale based on whatever they pay as everything will be in relation to it, and there will be immense social pressure to not cause problems that would be bad for the whole community.
Do the people involved have more options for getting out from under the control of a company like that in an area? Yes, but far less than I think your statement would lead people to believe. To actually get out of control you'd have to completely leave the area. That's far easier now than in the distant past, but it's not easy.
> I'll also point out that maybe fiefdoms aren't as bad as you think. Don't get me wrong, I think we're way better off now, but I'm sure many rulers were just as generous and caring as these business owners.
I'm not saying every one of these companies was horrible, nor that every ruler was horrible. I'm saying that ceding your power to control who governs you to them leaves you at a disadvantage when inevitably a worse ruler or bad management comes into place, because nobody lives forever, and nothing is static.
Put another way, what if you contracted with someone to provide all your meals and you paid them $1000/mo. Maybe you're extremely happy with the quantity and quality of the food provided initially, but eventually, years down the line, the quality has changed to sub-par and the quantity is lower than your got previously as well. You'd want to renegotiate that contract, right? Well what if it was a lifetime contract? That would be a problem, and you'd probably see that as a major red flag initially and be wary of entering a lifetime contract where the future was uncertain.
That's what allowing a company to control the local economy and be the provider of social works is like. By allowing the company to take over the job of the local government, the people have ceded their power to enact change through their elected representatives, and they are stuck with whatever they get down the line. Elected representatives aren't perfect, but at least there's the option to change them or pressure them to change based on the community needs. What pressure can the community honestly exert on the company when if decides that it's so much cheaper to move the factory two states over that they have to do so?