Two Systems fight for dominance
The Rentier economy; making money in your sleep, renting something.
Financial Capitalism; sweating for money, producing something.
Rentier Economy = Peter Their. “Competition is for losers” [39:00 clicks in]
Soon you’ll be renting everything in USSA’s rentier economy
Like the shirt on your back…
There’s cash in the clothes on your back. Renting out clothes is a booming side hustle, said Elana Klein in Wired. New peer-to-peer rental apps are a lot like Airbnb, and some are thriving. Pickle has tripled its number of active monthly users year over year and recently raised $12 million in funding. It lists more than 200,000 items, from a $100 Goldberg Pascale headband that can be rented for $30 to a Cult Gala dress -$899 to buy, $100 to rent. Another app, Yoodlize, lets users lend out party supplies, tools, electronics, and outdoor sporting equipment. There’s much, much more; you get the concept.
In a Rentier economy, you’ll own nothing.
As the below video shows private equity is thriving in a rentier economy - because “they” are THE OWNER$! Private equity and other Wall Street investments are stepping up efforts to acquire utilities around the country. Remember AI is their darling, and AI requires a lot of power[utilities] and water[buying up land/water rights]
I wonder what your power bills will look like, all too soon.
That is, if you even get your power before AI?
Or, the water, before AI?
https://michael-hudson.com/2025/08/americas-free-lunch-economy/