These are very good ideas for much more of the populace to digest and internalize. I'm not sure how many will.
And much of the popular critique of capitalism is driven by those who don't distinguish between profit and rent, when in fact the near entirely of the extraction that is causing inequality is from rent extraction and not "profit" as used in this piece. Especially when it comes to real estate, which is most people's largest expense, growing, and one of the biggest political challenges we face today. (Broad homeownership has created a lot of people that benefit from increasing residential housing costs, or at least don't see any problems with them).
Glad to see Schumpeter get mentioned, as Schumpeterian rents are perhaps defensible for a while, I think.
epistasis · · focus · HN ↗
And much of the popular critique of capitalism is driven by those who don't distinguish between profit and rent, when in fact the near entirely of the extraction that is causing inequality is from rent extraction and not "profit" as used in this piece. Especially when it comes to real estate, which is most people's largest expense, growing, and one of the biggest political challenges we face today. (Broad homeownership has created a lot of people that benefit from increasing residential housing costs, or at least don't see any problems with them).
Glad to see Schumpeter get mentioned, as Schumpeterian rents are perhaps defensible for a while, I think.