Rentier capitalism
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Rentier capitalism is a term used in Marxism and sociology which refers to a type of capitalism where a large amount of profit-income generated takes the form of property income, received as interest, intellectual property rights, rents, dividends, fees, or capital gains.[citation needed]
The beneficiaries of rentier capitalism are a property-owning social class that, according to Marx, play no productive role in the economy per se, but who monopolize the access to physical or financial assets and technologies. They can make money not from producing goods or services themselves, but purely from their ownership of property or investments (which provide a claim to a revenue stream) and dealing in that property.[citation needed]
Often the term rentier capitalism is used with the connotation that it is a form of parasitism or a decadent form of capitalism.[citation needed]
See also
References
Bibliography
- Robert Pollin, "Resurrection of the Rentier", in New Left Review 46, July–August 2007, pp. 140–153.
- Michael Hudson, "Financial Capitalism v. Industrial Capitalism". Contribution to The Other Canon Conference on Production Capitalism vs. Financial Capitalism, Oslo, September 3-4, 1998.[1]
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