Rentier Incomes

“Markets are inherently vulnerable to elites seeking income that arises from control rather than from producing goods and services. Incomes arising from control—of land, borders, market stalls and credit—are known as rentier incomes, as they are a form of rent (or tax) paid for nothing but access.”

A Radically Beneficial World: Automation, Technology and Creating Jobs for All: The Future Belongs to Work That Is Meaningful, p. 104, Charles Hugh Smith