Posts tagged 'Rentiers'

Debunking the theory of hallowed carry

Kudos to Krugman for attempting to explain to Pimco’s Bill Gross that return on capital is not something that can be taken for granted.

His comments follow remarks from Gross that capitalism “needs carry” to survive. Read more

Why a “free” market changes everything

Something very significant may be happening to labour and the capital reallocation process.

And arguably it’s down to technology and crowd-sourcing.

But before you shout: “this is what Marx always said, Ricardo and the Luddites were well ahead of you on that one”, we would propose what we’re talking about is a complementary trend not one that necessarily validates or duplicates what the above have said perfectly. Read more