[lbo-talk] Re: working class?

Doug Henwood dhenwood at panix.com
Mon Oct 17 17:15:16 PDT 2005


Bill Bartlett wrote:


>Define "rentiers". Its a word I sometimes hear Americans use, but I
>don't have a Webster's dictionary handy.

There's always dictionary.com, which reports: "A person who lives on income from property or investments." Property income originates ultimately in production (where else could it come from? financial assets are instruments of distribution) but the rentier is performing a different social role from the capitalist.

Doug



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