It Could Happen Here Weekly 94
It Could Happen Here
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The Social Power of the Landlord
Landlords can extract both differential and absolute rents, allowing them to tell the market to take a hike. OPEC was able to use its social power to increase the price of oil by 400%, says Simon Tisdall. Only by destroying the category of landlord, not by regulating it or nationalizing it, can we finally escape the long nightmare of rents, he writes.
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