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Rentier |
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Rentier 1. A person who makes most or all of his/her income from the rental or property. 2. A state or government that has access to a great deal of liquidity and uses it to maintain hegemony over its population. For example, it may provide free or inexpensive health care using its excess money. Rentier states rarely assess taxes, and often acquire their liquidity through the sale of their natural resources, such as oil. Citizens of rentier states often (though not always) have little loyalty to these countries, which may go through difficult transition periods when the natural resources run out. See also: Rents. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | Gulf merchants have evolved from local rentiers to regional champions, are much less dependent on direct government handouts, and have become increasingly active as cross-border investors on the Arab stage. Rentiers claimed they were being repressed by feudal sovereignage, onerous taxes (on them) and CB printing presses debasing the currency and, all in all, by the rigidities of post-war organised capitalism ('Fordism' or 'industrial society' Bell 1976). In Barcelona the Busca party, composed largely of merchants and artisans, challenged the economic policies and authority of the Biga, an oligarchy of patrician rentiers who exercised great influence in the Corts. |
rentiers |
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