Spud picks up on a conversation about rentierism. Thinks it’s fascinating, a real issue that just has to be dealt with properly. I agree of course:
In a week where a fogged brain has prevented very little real thinking, this has been one of the few issues that has really engaged me. Rentierism has disguised itself as if it is normal business activity. It is not even close to it, but because it has been able to sow confusion as to its nature and purpose it has become the de facto norm for those seeking to maximise their profits in our economy, leaving the rest of us dispossessed. That is true both politically and economically since the acceptance of rentierism is now normal amongst mainstream political parties. That is why we need to name it, but the aim is not to shame it: the aim should be to eradicate the abuse it creates.
One of the reasons I agree is that the people having that discussion about rentierism are a fellow Senior Fellow at the ASI, the former executive director of the ASI and so on over at Works in Progress.
Meaning that Spud is going to change his mind as soon as that covid fog clears, right?