Rentier capitalism is a term currently used to describe economic practices of parasitic monopolization of access to any (physical, financial, intellectual, etc.) kind of property, and gaining significant amounts of profit without contribution to society.[1][2][3][4][5][6][7][8]The origins of the term are unclear; it is often said to be used in Marxism, yet the very combination of words rentier and capitalism was never used by Karl Marx himself.
http://en.wikipedia.org/wiki/Rentier_capitalism
Current usage[edit]
Probably due to the fact that presently capitalism is perceived in a positive light,[12] current usage of the term rentier capitalism is often derogatory and opposed to "normal" capitalism such as free enterprise and private enterprise. It is used to describe deviation from the beneficial practices of capitalists, and only when substantial harm to society becomes evident. Conversely, the term rentier state is mainly used not in its original meaning, as an imperialistic state thriving on labor of other countries and colonies, but as a state which derives all or a substantial portion of its national revenues from the rent of indigenous resources to external clients.
Industrialist definition, a person who owns or is involved in the management of an industrial enterprise.
Pronunciation: /ˈrɒntɪeɪ , ʀɑ̃tje/
Definition of rentier in English:
NOUN[名]（複 ～s 〔～〕）((フランス語))年金受給者；（金利・配当・家賃などの）定期収入による生活者.
A person living on income from property or investments.
EXAMPLE SENTENCES
- Both the rentiers and the speculators are capitalists; both have money as an important goal.
- Traders, industrialists, and working-class consumers had every reason to complain that they were paying heavy taxes to support idle rentiers who had invested in the national debt.
- Did the financial power of rentiers harm the transnational corporations?
Origin
French, from rente 'dividend'.
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