Comment on No one really understands our struggle

ComradeSpood@lemmyunchained.net ⁨1⁩ ⁨year⁩ ago

• SCB@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Adam Smith justifies the existence of rent as improvement in the value of land.

  adamsmithworks.org/…/chapter-xi-of-the-rent-of-la…

  Perhaps you’re misunderstanding the term ‘rent-seeking’ which is a different concept entitely

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  • MyNameIsIgglePiggle@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    I read through until chapter 1 in that section you linked and he is pretty scathing of landlords and if I understand it correctly his argument is that landlords exist solely to soak up all extra profits above what would leave the tenant just enough to survive.

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    • SCB@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I’d strongly recommend you consider reading the entire thing, because that is not his take at all.

      Consider at his time, “landlord” literally meant a lord who owned land, and much of the rent he discussed (often negatively) is shit like, charging people to harvest kelp near your house.

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      • Cruxifux@lemmy.world ⁨1⁩ ⁨year⁩ ago

        I don’t understand why you’re getting downvoted. You’re right.

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      • MyNameIsIgglePiggle@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

        Fair. I was thinking today he seemed more to be referring to crops

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