Date: 2011-09-03 07:35 pm (UTC)
I think part of it is the level of technology we tend to see in fantasy novels. Depending on how common magic-use is and if it substitutes at all for technological development, it can either equalize or exacerbate existing class structures. (In the historical periods most fantasy uses as a template, there already tends to be a significant divide between those with power and those without.)

For example, in The Wheel of Time, we see magic users going off and becoming powerful people in their own right, but that ability is so rare that it just adds another group of people to the "those who have power" group, rather than significantly altering the dynamic of "royals and peasants."

Um, books for the list:

Fly By Night by Frances Hardinge has some interesting political bits. (I think, anyway. I'm not sure if we're using the same definition of politics.)

There used to be a king but that ends before the book begins. ("He meant very well, and ruled very badly, and in the end they cut off his head, and melted down his crown to make coins.") Instead there's a Parliament ("The Parliament's leader ruled very like a king, but no one called him a 'king,' because names are important.") And the Realm has various Royalist factions and ruling guilds, and people discuss politics and radicalism. It's fun!

Ellen Kushner has a couple books (The titles are Swordspoint and Privilege of the Sword) that take place in a city (well, country, but we almost only see the city) ruled by nobles after they deposed the rule of kings. There's a faint undercurrent of "if the kings' divine right to rule is bullshit, what gives the nobles that power?" that I thought was rather interesting. More noticably, there's lots of maneuvering for power that is (for the most part) not portrayed as sinister. (There's also an interesting aspect of legalized assassination.)
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