"Rentier capitalism describes the economic practice of gaining large profits without contributing to society.[1][2][3] A rentier is someone who earns income from capital without working. This is generally done through ownership of assets that generate yield (cash generated by assets), such as rental properties, shares in dividend paying companies, or bonds that pay interest.[4]
Modern economists agree that the power dynamics of the rentier-tenant relationship are oppressive,[5][6] but capitalist theories such as the natural "euthanasia of the rentier" famously put forth by John Maynard Keynes have been abandoned in light of the increase in rent-seeking behavior seen over the past century"
Basically, having lots of people earning large amounts of money by just having lots of money and contributing fuck all to society is generally a bad thing.
I will also admit to having previously been a landlord, so I think I can safely assert that this isn't about criticising individuals as such, it's criticising structures in society that support the inequality rentier capitalism exacerbates.
Also, on the landlord thing, the famine has had somewhat of a cultural influence on that front...
If you get offered a job outside of where you currently reside you'll need somewhere to stay no?
As for cash generating assets such as shares and corporate bonds where is a company supposed to find the finance to expand if these routes are cut off.
It's basically someone providing their capital to help someone else make a better return and in return for that they are compensated.
Both of the above facilitate economic growth and thus benefit society.
Now take your unhelpful notions to the communist thread!!
If you get offered a job outside of where you currently reside you'll need somewhere to stay no?
As for cash generating assets such as shares and corporate bonds where is a company supposed to find the finance to expand if these routes are cut off.
It's basically someone providing their capital to help someone else make a better return and in return for that they are compensated.
Both of the above facilitate economic growth and thus benefit society.
Now take your unhelpful notions to the communist thread!!
I did a long post where I made exactly that point, but Langer Dan (at least that's who I assume it is nowadays...) did make a fair point, this is not the thread for that discussion at this time so deleted it.
en.m.wikipedia.org
