I don’t just mean housing rents. I mean all *access fees* to essential services that have been captured by private wealth: water, energy, health, railways etc. And the interest payments arising from the financialisation of higher education.
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That's what rent means: the entry fee you must surrender, over and above your payment for services received, to those who have captured the essential resources you need to survive and prosper. Rent is a kind of private tax, that the poor and middle must pay to the rich.
That’s why there should be rations given for free per person, as unconditional human rights to resources. Emission rights, Energy, Water, land use… the industry should then have to buy them from the people. This would turn around the whole system of power.
You might be surprised to see interest payments on this list. But interest is the fee you pay to rent money.
That's why financialisation - the intrusion of the financial sector into ever more aspects of life - makes the rich richer and the poor poorer.
Interest rate rises are almost the barometer of neoliberal polices. The Reagan era started with the 'Volkcer Shock', from which the US 'rust belt' never recovered.
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That's why financialisation - the intrusion of the financial sector into ever more aspects of life - makes the rich richer and the poor poorer.