Re:India has a hole where its middle class should be
by walshemj on Saturday January 13, 2018 @01:36PM
(#16140606)
What do you mean by idle investments? land is presumably rented out to farmers so its not idle
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Re:India has a hole where its middle class should be
by coldtea on Saturday January 13, 2018 @03:11PM
(#16141106)
Land could be real estate, which, if not just sitting idle, it's still the epitome of rent-seeking.
Plus, land rented to farmers is productive because of the farmers, not because of the land -- and would still be a sinkhole of money from the middle class (the farmers) to the rich person doing the renting, not entering circulation like the money a farmer would make (to buy animal food, seeds, whatever, and to live their family).
Re:India has a hole where its middle class should be
by walshemj on Saturday January 13, 2018 @03:38PM
(#16141257)
You know that a large proportion of the returns from the stockmarket are made by reinvesting dividends.
"rent seeking" seems to either be used by people who don't understand how trade/investment works or want something or subsidies'
or its a dog whistle that tends to go with gold bugs, cryptocurrency fantasists and then on to much less pleasant things