Hating on the Rentier Class

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Mike Konczal wrote a column over the weekend suggesting that an “anti-rentier” agenda had some potential to unite left and right. Reihan Salam comments:

Konczal also identifies tensions between what we might describe as the anti-rentier agenda of the right, which tends to focus on how state interventions serve the interests of incumbents and wealthy, influential individuals, and the anti-rentier agenda of the left, which is more concerned about the dangers of wealth concentration as such and the market power of firms that flourish in an open, lightly-regulated economy, due to first-mover advantages, network effects, and much else.

Is this really a serious agenda anywhere on the right? I’ve occasionally seen committed libertarians make the point that state interventions often serve the interests of economic incumbents, but even that’s rare.1 Outside of that, there’s Tim Carney and….

Anyone else? Any actual working Republican politicians, for example? Maybe I’m missing something, but it sure seems to me that the Republican Party is pretty firmly dedicated to defending the privileges of big corporations and the rich. Has there been a tectonic shift that I’m not aware of?

1It’s even rarer to see them arguing against state intervention because it would benefit the rich too much. In fact, I’m not sure I ever remember seeing an example of this.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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