The Financial Times’ Martin Wolf Discovers that Rentier Capitalism and Financialization Increase Inequality and Hurt Growth — Yves Smith

Summary:
Finally taking on economic rent, and financial rent in particular. This is not capitalism, which is about productive investment based on risk-taking, but rather rentier oligarchy based on expropriation through rent extraction. Rentiers are free riders on the systems. Martin Wolf uses his Financial Times bully pulpit to attack it before the parasites kill the host (ht Michael Hudson).Naked CapitalismThe Financial Times’ Martin Wolf Discovers that Rentier Capitalism and Financialization Increase Inequality and Hurt Growth Yves Smith See also at Naked CapitalismTwo Entrepreneurs Explain Why the Health Insurance Industry Is a Direct Threat to Middle-Class Life Joe Sanberg, a co-founder of Business for Medicare for All and Aspiration.com, which empowers customers to match their banking and

Topics:
Mike Norman considers the following as important: rentierism

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