rent – Warp and Woof

Wealth Creation: Does it Matter Where it Comes From?

Rent-seeking, in economic thought, seems to be critical to capitalism’s survival … but so is labor! Both are necessary to achieve the abundance we all seek …

Link from The Economist

Seems Marx getting bit of a revival on left these days … because rent-seeking now dominates capitalism

The Professional Class in America: Time to Step Aside?

Published April 26, 2017 in Warp & Woof The Professional Class in America: Time to Step Aside? William Sundwick Lately, there has been much written about the changing role in American politics (perhaps, Western democracies, in general) of the upper middle class – we are now calling them the “professional class.” How did this socialContinue reading “The Professional Class in America: Time to Step Aside?”