although rents do tend to absorb surpluses in our plutocratic form of capitalism, landlords are still largely local and rental markets fragmented (although thos

although rents do tend to absorb surpluses in our plutocratic form of capitalism, landlords are still largely local and rental markets fragmented (although those are changing with the financializing of real estate), so that money still tends to circulate locally. a small portion does get captured as wealth by landlords, which doesn’t tend to circulate locally.