"hooks said that she suffered from patriarchy as a landlord b/c the men she employed to work her properties didn't show her the proper respect sometimes"

  • mkultrawide [any]
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    edit-2
    1 year ago

    There is no intrinsic demand for stocks. I don't need stocks to survive. You don't need stocks to survive. Most stockowners are not even getting dividends from the company, save for a buyback, for the stocks they own. It's people on the stock market trading back and forth on pieces of paper that are at best partially tied to a company's actual financials.

    She is buying up a commodity that people actually need and directly extracting excess profit (rent) from the people who need to actually use that house. Not just that, but it is one of the most demand price inelastic expenses that people have to pay, meaning that she is directly sucking their wages that could have gone to cover other things.

    Being a landlord is uniquely vile among the capitalist class activities.

    • TreadOnMe [none/use name]
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      edit-2
      1 year ago

      Not only is it uniquely vile, but it also is an exploitative relationship that predates capitalism, being complained about the lack of value added by Adam Smith within the Wealth of Nations, where he very directly says that the power of landlords has to be curtailed because they, more than any other type of ownership, 'love to reap what they did not sow'. Industrial capital is exploitative of labor, but it at least creates incentives to create a product, landlording doesn't even have to create a product, it just hoards it.