rent – Warp and Woof

Aren’t We All Rentiers?

When we own capital, and then charge people to use it, but don’t give it to them, we become rentiers, to use the economic term invented by David Ricardo

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?”