from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A person who lives on income from property or investments.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. An individual who receives an income, usually interest, rent, dividends, or capital gains, from his or her assets and investments.
from the GNU version of the Collaborative International Dictionary of English
- n. One who has a fixed income, as from lands, stocks, or the like.
from The Century Dictionary and Cyclopedia
- n. One who has a fixed income, as from lands, stocks, etc.; a fund-holder.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. someone whose income is from property rents or bond interest and other investments
A rentier is a person who lives on income from property and investments.
February 19th, 2010 at 9: 38 am morgan, rentier is a well established and well defined term. the fact that you are not familiar with it and have some definitions muddled is irrelevant.
You see, in the past, Taiwan, when people heard about Keelung Harbor, Taichung Harbor, Kaohsiung Harbor, those areas were seen by most Taiwanese as "rentier" -- an area that was forbidden.
It is certainly true that a successful, popular, nonviolent uprising against the Libyan regime would be a greater challenge for pro-democracy forces than in Tunisia or Egypt, given that Libya is what political scientists call a "rentier state," a country that derives a substantial portion of its revenues not from the labor or its people, but from the "rent" of its natural resources to external clients.
The readership of the New York Times is the wealthy, in effect, the rentier, which is to say, he who has got to where he was going; and our paper of record, absent a constituency of the theatrically savvy, has become a champion of the moot, appealing to the intellectual pretensions of its readership.
As significant is the fact that both the USA and Britain, following the logic of neo-liberal globalization have de-industrialized and turned as a result into "rentier", mostly financial economies, outsourcing most of their production to poorer countries where labor is cheaper and less organized.
They project this wonderful result to occur only by heavy lifting, lots of punitive laws, enormous bureaucratic expenditures, and lots of payments to 'rentier' outfits like NRDC, and extraordinary efforts by 2035!
The official excuse is that it will make the national economy more competitive, and therefore overcoming its 'rentier' history; the sort of foolish assertion that could only be accompanied by an unfettered capitalist agenda.
The literature on states that depend on income from a single pricey primary commodity ( "rentier" states) finds that they seldom function as democracies (Norway is the major exception and it developed its political institutions well before it got oil).
Yet they operate in a "rentier" business, where successful traders, or those with a top drawer client list, can make huge sums for the organisations that employ them.