It won't - because the Tories are on the side of the rentier class
, not the renting.
As French economist Thomas Piketty has empirically shown in Capital in the Twenty-First Century, the West is lurching back to a past where society can be divided into two distinct classes: a rentier class
who live of off the proceeds of their capital assets and everyone else who works for a living, often making meager and falling wages unless they're fortunate enough to be pulling down the "supersalaries" of America's financial elite.
Inequality fell due to a series of shocks that included the physical destruction in Europe left by two massive wars, the bankruptcies of the Great Depression, and, he says, "above all" to "new public policies"--policies that included rent control, nationalizations, steeply progressive income taxes, and "the inflation-induced euthanasia of the rentier class
that lived on public debt.
This is similar to what happens in many poorer states with a great deal of natural resources, where a rentier class
develops and maintains itself without providing services to the population.
Although a rentier class
comparable to that of the Gilded Age has yet to reconstitute itself, the concentration of wealth at the top is still striking.
His was the first serious armed challenge to the Southern rentier class
with their codes of honour, their duels, their sham cavalier ethos, their ".
None of this seems, to its victims, a propitious bedrock on which to build an enlarged EU and their fury over past failures is intensified when they see all around them a rentier class
which is doing well and making no effort to conceal its enjoyment of the fact.
The rentier class
is moving towards performance-oriented customer service business.
Moore never strains to make a point, because the living conditions of the peasantry, the oafishness of the provincial Catholic clergy, the frivolity of the rentier class
were all out in plain view for anyone with eyes to see.
The campaign targeted the rentier class
as "the wealthy parasites living off the toil and suffering of others" and derived its strength--George received many more votes than Republican Theodore Roosevelt in a three way race won by the Democrats--from precisely the kinds of struggles over the physical terrain of urban life that Montgomery discusses (p.
But as Luttwak writes, the rentier class
has acquired values and priorities that actively work against social cohesion and even economywide growth.
The third class is the rentier class
, which earns income from interest on money loans.