Today’s “Word of the Day” is “rentier capitalism“ and it is a noun meaning “a business model in which ownership of key types of scarce assets-such as land, intellectual property, natural resources, or digital platforms-is all-important and dominated by a few unfathomably wealthy companies and individuals called rentiers”.
Example Sentence: Over the last generation we have witnessed the rise of rentier capitalism, supercharged by new technologies, to establish economic structures in which having and owning has been vastly privileged over doing, creating and risk-taking. The share of profits in national income has risen, the share of wages fallen while work has become organised around short-term contracts.
This word is present in The Guardian article As Airbnb’s shares go through the roof, we need to challenge the Big Tech monopoly and click here to read it.
Courtesy: The Guardian
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