2 ms·
The key phrase is rentier capital vs active types of capital. Rentier capitalists are parasites. Unlike say industrial capitalists they don't work.
by Gibbon1 3y ago
The key phrase is rentier capital vs active types of capital.
Rentier capitalists are parasites. Unlike say industrial capitalists they don't work.
- kevviiinn 3y agoDo you honestly think industrial capital owners are working more than landlords? Landlords hire people to do maintenance, industrial capital owners hire people to assemble or fabricate or whatnot
- Gibbon1 3y agoI don't honestly think I know. You actually need to actively and effectively manage factories or you go out of business very quickly. For the last 50 years rentiers with enough capital basically can't not come out ahead.
- kevviiinn 3y agoThat's a reasonable assumption, however management is usually carried out by people on payroll not necessarily the capital owners/investors. That's why I think rentiers and other capital owners are effectively the same