It says that we prioritise the interests and culture of the rentier.

But it is also a brilliant portrayal of what's wrong with rentier capitalism.

In some countries, their formalisation simply creates a rentier class.

Firstly, the modern rentier knows to keep a low profile.

It has also contributed to deindustrialisation and the rentier economy.

The irony, however, is that their best innovations only make the rentier economy even bigger.

In fact, the modern-day rentier often works damn hard.

Like a parasite stunts a child's growth, so the rentier drains a country of its vitality.

By definition, the rentier makes his living at others' expense, using his power to claim economic benefit.

It's no different for the modern rentier.

He had, in fact, become a rentier.

What innovation remains in a rentier economy is mostly just concerned with further bolstering that very same economy.

The biggest tragedy of all, however, is that the rentier economy is gobbling up society's best and brightest.

I prefer the term rentier.

Even the big innovations of our age -businesses like Facebook and Uber -are interested mainly in expanding the rentier economy.

Social policy is determined by the rentier class of buy-to-let landlords, who bought up much of the council stock Margaret Thatcher sold.