It's not just a westerner thing, look at China before Mao's reforms. Look at parts of South Africa now. Feudal economic conditions lead to this kind of rent seeking behaviour being taken to the extreme. It's why Adam Smith hated landlords so much, the whole point of capitalism, to those that actually belive in it, is that's it's a progression from feudalism. So this kind of extreme rent seeking behaviour should not be a part of capitalism, according to what I refer to as utopian and idealistic capitalists. However, in actually existing capitalism, neo feudal economic conditions are recreated over time as the rate of profit falls. Which leads to this kind of behaviour and landlord worship.
And the people renting out residential properties are becoming more and more feudal in their tactics as time passes. Like in this post about the guy subdividing his apartment in Poland, to take advantage of a refugee crisis with the war next door.
I just realized the depth of perversion it is to have women doing ballet to celebrate "China before communism" when those women would have probably had bound feet if not for communism and therefore been unable to perform ballet (or could only do so at extreme difficulty).
So were the people Smith calls "landlords," (who were generally renting land for farming, not shelter, as they also did in China). His point stands, it's just a different type of rent extraction.
Feudal economic conditions lead to this kind of rent seeking behaviour being taken to the extreme
For reference, it was common in pre-Mao China for landlords to take 90% of the harvest from a peasant, who did the labor just to be able to get the remaining 10% because they owned no land on which to farm their own crops.
It's not just a westerner thing, look at China before Mao's reforms. Look at parts of South Africa now. Feudal economic conditions lead to this kind of rent seeking behaviour being taken to the extreme. It's why Adam Smith hated landlords so much, the whole point of capitalism, to those that actually belive in it, is that's it's a progression from feudalism. So this kind of extreme rent seeking behaviour should not be a part of capitalism, according to what I refer to as utopian and idealistic capitalists. However, in actually existing capitalism, neo feudal economic conditions are recreated over time as the rate of profit falls. Which leads to this kind of behaviour and landlord worship.
The Chinese landlords pre Mao were more feudal lords than people renting out residential properties
And the people renting out residential properties are becoming more and more feudal in their tactics as time passes. Like in this post about the guy subdividing his apartment in Poland, to take advantage of a refugee crisis with the war next door.
no I mean Mao's landlords were actual literal feudal lords with peasants, manors, castles and everything
the falungong dream
I just realized the depth of perversion it is to have women doing ballet to celebrate "China before communism" when those women would have probably had bound feet if not for communism and therefore been unable to perform ballet (or could only do so at extreme difficulty).
I mean, they're people who believe that they can fly
the falun gong are just mad they aren't allowed to sell fake medicine anymore
So were the people Smith calls "landlords," (who were generally renting land for farming, not shelter, as they also did in China). His point stands, it's just a different type of rent extraction.
FTFY
Do you really need feudal conditions for landlords to do this?
For reference, it was common in pre-Mao China for landlords to take 90% of the harvest from a peasant, who did the labor just to be able to get the remaining 10% because they owned no land on which to farm their own crops.
That's interesting and outrageous but it doesn't answer my question at all.
The answer is that feudal conditions aren't needed but that's not what the other person said.
See you’re expecting western capitalists to actually read and comprehend Adam Smith instead of simply invoking his name like a saint.