rentier capitalism - Google Search
Capitalism, on the other hand, involved constant reinvestment, turning one’s wealth into an engine for creating ever more wealth,
David Graeber • The Dawn of Everything: A New History of Humanity
What makes capitalism distinctive isn’t that it has markets, but that it is organised around perpetual growth; indeed, it is the first intrinsically expansionist economic system in history. It pulls ever-rising quantities of nature and human labour into circuits of commodity production. And because the goal of capital is to extract and accumulate s
... See moreJason Hickel • Less is More: How Degrowth Will Save the World
An "investor" is thus a person who lives from his assets. A capitalist is an "investor." A hunter-gatherer, who has a way of life that has survived for tens of thousands of years, is to a large extent also an "investor." "Investing" typically requires a great deal of knowledge and familiarity with one's asset
... See moreJacob Lund Fisker • Early Retirement Extreme: A philosophical and practical guide to financial independence
Rent-seeking is trying to use protective regulations or “rights” to derive income without adding anything to economic activity, not increasing the wealth of others.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
German historian Max Weber found that the “spirit of capitalism” struggled to take hold in societies that embraced a “traditionalist” mindset towards work.1 In Weber’s view, a “traditionalist” view of work is one where people work as much as they need to maintain their current lifestyle, and once that aim is achieved, they stop working.
Paul Millerd • The Pathless Path: Imagining a New Story For Work and Life
Capitalism distinguishes ‘capital’ from mere ‘wealth’. Capital consists of money, goods and resources that are invested in production.