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"Smith and Ricardo argued that the landlord extracted, as opposed to created, value. Marx, in his critique of the political economy of the 19th century, extended this framework to capital and property owners, but still was rooted in classical economic theory." www.liberalcurrents.com/rent-a-new-f...

liberalcurrents.comRent: A New FrameworkTo fix the American economy, we must attack rent—of all kinds.

6/5/26, 2:40 pm2 reposts21 likes

Umbrarchist

@umbrarchist.bsky.social

14 May

And where does Planned Obsolescence fit into economic theory? WWII fighter planes could do 400 mph. Why does anybody give a damn about cars being redesigned since Sputnik? Where is the data on the annual depreciation of those cars? What is the NET Domestic Product?