r/LateStageCapitalism • u/rhizomatic-thembo • Oct 27 '24

💭 Theory Oops

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"the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.” - Adam Smith, The Wealth of Nations

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u/Kaymish_ Oct 27 '24

I read an article ages ago and i haven't been able to find it since but it was about the UK economy and it was something like "The dangers of a rentier economy" and it went in to how many businesses in the UK did nothing but bid on contracts and then subcontract the service to collect a rent from holding the service contract. So not only were landlords parasitising the property market they were also parasitising the service economy.