by Summary:
Unveiling the Truth of Rent Seekers
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Unveiling the Truth of Rent Seekers
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Unveiling the Truth of Rent Seekers |
What do you think about this? Responding to the best comments.
If I look around at the largest software companies, the rising rents over the past decade, the deflation of the commodities (GSCI) market over the last decade, and the rise in utility costs and local monopolies like healthcare it sure looks like he’s right.
need more context. he appears to conflate many historical events/societal circumstances with intent and causation. the industrial revolution and it's form of capitalism was anything but possessing of foresight. it occurred at a time when there was systemic wealth/capital divide thus those that were most positioned to exploit this era and set the rules were the existing capitalists. in that sense it was yet another means by which the status quo and class system was further entrenched. i would argue the more egalitarian taxation rules were, to the contrary, in response to the rise of industrial capitalism. given it coincided with democratic revolutions (or perhaps with the rising tide of collective wealth it lifted all boats thus led to rise in citizenry education levels, greater awareness and means by which for political participation etc) there was a societal shift towards greater equality, representative democracy etc.