- Rentier capitalism
Rentier capitalism is a term used in
Marxismand sociologywhich refers to a type of capitalismwhere a large amount of profit-income generated takes the form of "property income", received as interest, rents, or capital gains.
The beneficiaries of this income are a property-owning
social classwho play no productive role in the economy themselves but who monopolise the access to physical assets, financial assets and technologies. They make money not from producing anything new themselves, but purely from their ownership of property (which provides a claim to a revenue stream) and dealing in that property.
Often the term "rentier capitalism" is used with the connotation that it is a form of
parasitismor a decadentform of capitalism.
* Robert Pollin, "Resurrection of the Rentier", in "New Left Review" 46, July-August 2007, pp. 140-153
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