When the oil is gone the rentier is left with a brown field of worthless property.

…he oil field needs to invest in new pumps and refining to stay competitive with other oil companies. But the rentier of the oil field doesn’t have to do anything: either the capitalist tenant will invest in more capital and make the field more valuable, or they will lose out to another capitalist who’ll replace them. Either way, the rentier gets more rent.
Yanis Varoufakis’s “Technofeudalism: What Killed Capitalism?”
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Cory Doctorow
Tim Knowles
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Dec 23, 2024
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When the oil is gone the rentier is left with a brown field of worthless property.
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Written by Tim Knowles760 Followers
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Worked in our nations space programs for more than 40 years
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