Swapping the base layer of the capital stack has zero visible change to the person renting. In fact, I'm pretty sure it's common in asia. Instead of: Inve

Swapping the base layer of the capital stack has zero visible change to the person renting. In fact, I'm pretty sure it's common in asia. Instead of: Investor owns the land Investor pays for construction, finance, maintenance Investor receivers rent They do: Government owns the land Investor pays to lease the land for 30 years or whatever Investor pays for construction, finance, maintenance Investor receives rent The active roles don't change, the market that keeps them dynamic and competitive doesn't change, but the firehose of passive money goes into tax revenue instead of some rich guy's pocket.