Serfdom, condition in medieval Europe in which a tendency farmer was bound to a hereditary plot of land and to the will of his landlord. The vast majority of serfs in medieval Europe obtained their subsistence by cultivating a plot of land that was owned by a lord.
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Communism failed to provide incentives for workers and citizens to work hard and be productive. While there are many benefits from equality, if pushed to an extreme it robs people of an incentive to make an effort. There was little if any reward for hard work or innovation and a lack of punishment for poor or inefficient work. The lack of incentives was a major reason for the poor performance of Eastern Europe economies.
