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Constraining factors may change over time, but an elephant in the discussion room may remain unnoticed. Henry George was quite right that labour and capital are not foes but rather on the same side against the rentier elephant. It is only the rentier whose gain is not bounded by objective need, and has the power to take basically all surplus. The rentier institutions, however abstract, are gaining particularly much power and privileges lately. They quietly might reach soon a neo-feudal breakthrough of historical proportions.
by das monde on Tue Dec 14th, 2010 at 03:36:10 AM EST
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