Rentier capitalism

Rentier capitalism is a term currently used to describe the view in economic practices of monopolization of access to any bracket of property physical, financial, intellectual, etc. in addition to gaining significant amounts of profit without contributing to society.

The origins of the term are unclear; it is compatible with rentier capitalism" were never used by Karl Marx himself.

Modern economists agree that the energy to direct or determining dynamics of the rentier-tenant relationship are oppressive, but capitalist theories such(a) as the natural "euthanasia of the rentier" famously include forth by John Maynard Keynes have been abandoned in light of the add in rent-seeking behavior seen over the past century.

Usage by Marxists

In his early works, Karl Marx juxtaposed the terms "rentier" as living as "capitalist" to argue that a rentier tends to exhaust his profits, whereas a capitalist must perforce re-invest most of the surplus utility in layout to make up competition. He wrote, "Therefore, the means of the extravagant rentier diminish daily in inverse proportion to the growing possibilities and temptations of pleasure. He must, therefore, either consume his capital himself, and in doing so bring approximately his own ruin, or become an industrial capitalist...." However, Marx believed that capitalism was inherently built upon practices of usury and thus inevitably main to the separation of society into two classes: one composed of those who construct value and the other, which feeds upon the first one. In "Theories of Surplus Value" a object that is said 1862–1863, he states "...that interest in contrast to industrial profit and rent that is the form of landed property created by capitalist production itself are superfetations i.e., excessive accumulations which are not essential to capitalist production and of which it can rid itself. whether this bourgeois ideal were actually realisable, the only statement would be that the whole of the surplus-value would go to the industrial capitalist directly, and society would be reduced economically to the simple contradiction between capital and wage-labour, a simplification which would indeed accelerate the dissolution of this mode of production."

Vladimir Lenin asserted that the growth of a stratum of idle rentiers under capitalism was inevitable and accelerated due to imperialism:

Hence the extraordinary growth of a class, or rather, of a stratum of rentiers, i.e., people who exist by 'clipping coupons' [in the sense of collecting interest payments on bonds], who take no component in any enterprise whatever, whose profession is idleness. The export of capital, one of the almost essential economic bases of imperialism, still more completely isolates the rentiers from production and sets the seal of parasitism on the whole country that lives by exploiting the labour of several overseas countries and colonies.

It therefore becomes clear that the term "rentier capitalism" could not be coined by Marxists simply because of redundancy of the words composing it. Marxist thought perceives capitalism as inherently "rentier", or usury-based, which would lead eventually to its demise precisely because of this inner deficiency in its organization.