The David McWilliams Podcast

The David McWilliams Podcast

The aim of this weekly podcast is to make economics easy, uncomplicated and accessible. With the world at a political, technological and financial tipping point, economics has never been so important to all of us and yet, it’s made inaccessible and complicated by so many. Produced by John Davis.

Dublin, Ireland

#106 - The Rentier Economy

28/01/2021 | 31 mins.
The David McWilliams Podcast

Ireland, like many economies is hostage to the rentiers, companies that sidle up to governments to get a licence to provide some product or service that the government used to provide. This is a licence to print money, because the rentier company has a monopoly to hoover up rent rather than make anything. They dominate the property market, utilities and have led to the infantilization of the public sector. At every stage prices rises because these are the opposite of competitive companies. Given that rentiers drive up property prices, sanctioned by government, is it any surprise the young are voting radical?

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