Context: They still squeeze you for all they can.
As Adam Smith once wisely observed:
The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give.
No matter what, landlords, as a class, will always demand as much as their victims can give.
Hence why he argued that capitalism will only work within a moral framework or else it’ll descend back into oligarchy.
Low and behold, we’re there again.
capitalism will only work within a moral framework
“It’s just business.”
“It’s stupid to leave money on the table.”
“If I didn’t do it someone else would anyway.”
“It’s a free market.”
“It’s the market rate, don’t be mad at me.”
…
Capitalism, monopoly, plutocracy, wage slavery. Very topical indeed.
Leeeet’s twist again Like we did last summer
Let’s twist again Like we did last year
Do you remember when We were really hummin?
Let’s twist again Twistin time is here
