The Plague
The political lottery, the market for Demagogues, the appeal of revolution, the probability of insurrection.
The Rentier Black Hole
Why domestic and foreign capital flows into property and does not come back out. A theory of land, housing, and open-economy failure: how a non-reproducible asset absorbs global savings, breaks wage-price adjustment, and hollows out the productive economy
Live Last read · last published · next check
Latest posts
Hōnea Kore
New Zealand. From Henry George's most notable success story, to the most severe victim of the Rentier Black Hole.
Sandcastles
AI and techno-feudalists have built empires on eroding quasi-rents, but what is built on the sand must return to the beach.
The Lake
Reference Dependent Utility explained with a lake, a boat and a drowning man
The Treasure Ships
Will China build the world's factories or simply buy the world's cities?
The Blind will lead the Blind
Blinded by the accretion disk. They see only the symptoms not the cause
The Dominion of Rent
The Rentier Black Hole on Tour | Canada
Australia: The Void Down-under
The Australian diagnosis of the Rentier black hole.
Oi, Andy
You reached for the one tax that would actually work. Here is the operating manual nobody handed you, and the reason you will probably never be allowed to use it.
Life Support
Switzerland has every ingredient of a terminal rentier economy. The only thing keeping it off the critical list is a subsidy it did nothing to earn.
The Printers Path to Zero
Modern Monetary Theory, applied to a rentier economy, prints a wealth transfer to the people who already own everything and pushes open trading economies to the economics of empire.