Martin Wolf: Martin Wolf: why rentier capitalism is damaging liberal democracy
FREE to read: Martin Wolf devastating indictment of rentier capitalism and how it is undermining liberal democracy via
Free to read: Why isn’t the economy serving everyone? The answer lies, in large part, with the rise of rentier capitalism: where privileged individuals and businesses extract a great deal of rent from everybody else
This is very interesting, but historically the turn to “rentier capitalism” is by no means an aberration from the capitalist norm. As Braudel noted, it's a “a sign of autumn”—lauding the end of a long expansion and the start of a period of restructuring.
This is a must read 🔥: “rentier capitalism rigged to favour a small elite could well end up with the death of democracy” - not what you’d expect to read in the FT perhaps, but what a sign of the times that it is. (They’ve even taken down the paywall!)
In our era of “start ups” and “disruption” the rate of firm-createion in the US is 45% lower than in the early 1980s! Major piece by
Why rentier capitalism is damaging democracy. Economies are not delivering for most citizens because of weak competition, feeble productivity growth and tax loopholes — Martin Wolf
The FT finally gets to first base: rent-seeking business models plus fiat money are killing democracy - but why did capitalism become so reliant on them? Seek the answer in the accumulation process: long term sources of growth are fading #Postcapitalism
"This is ludicrous … US corporations report 7 times as much profit in small tax havens (Bermuda, Brit Caribbean, Irl, Lux, NL, Singapore and Switzerland) as in 6 big Econ (China, France, Germany, India, Italy and Japan).” quoting
Martin Wolf: why rentier capitalism is damaging liberal democracy
This is probably the clearest, most convincing distillation of the liberal-capitalist critique of contemporary capitalism (a la Elizabeth Warren) that you could read. Curious to hear responses to it.
MUST READ (and today you can even read it for free): Martin Wolf: why rigged capitalism is damaging liberal democracy via
This is a cracking piece from in the (free today) . These points can't be made often enough.
Martin Wolf: why rigged capitalism is damaging liberal democracy via . Agudo analisis del columnista del , muy aplicable a #Chile.
"US corporations report 7 times as much profit in small tax havens (Bermuda, the British Caribbean, Ireland, Luxembourg, Netherlands, Singapore & Switzerland) as in 6 big economies (China, France, Germany, India, Italy & Japan). This is ludicrous"
Martin Wolf: why rigged capitalism is damaging liberal democracy
“Since 1973, the median family has seen its real income grow only 0.4 per cent annually . . . As a result, 28 per cent of children have lower income than their parents did.” More
Weird of Martin Wolf not to mention housing in this piece at all. There is no bigger example of rent-seeking in the English-speaking world than NIMBYism.
Martin Wolf 's piece in the (with full wraparound on the paper!) is an exhilarating recognition of what a lot of people have been saying for a long time; rentier capitalism does not deliver productivity growth & undermines democracy
Why rigged capitalism is damaging liberal democracy
This is such a good article. As critical comment goes, an American President being described by as a naive mercantilist is about as tough as it gets via
This is well worth a read. And note, it's not written by some fringe bolshie radical, but the chief economics commentator at the Financial Times -> Martin Wolf: why rigged capitalism is damaging liberal democracy via
The great argues that corporate offshored wealth, dodging taxation, not generating employment, and made from paying stagnant or cheap wages could, "well end up with the death of liberal democracy itself."
A must read from Martin Wolf: an indictment of rentier capitalism Martin Wolf: why rentier capitalism is damaging liberal democracy via
Strange piece. Less of an argument and more of a list of the author's pet peeves. Also, how is it possible to write about rent seekers and not mention the planning system?
See also the FT piece this week. Although doesn't mention climate, it's another example of a hitherto "liberal status quo" organ calling out the dangers of said status quo.
Martin Wolf’s article in particular, which I suspect is why they made if free today. But it’s well worth the subscription price, if you’re up for reading daily news
An important article on rethinking capitalism and making private sector purpose the new north star for business. But also need to move beyond individual companies to systems and more regenerative economic model