rentierism
nounUK /ˈrɛntɪərɪzəm/
US /ˈrɛntiərɪzəm/
A way of running a place where most money comes from charging others to use land or things, not from making goods.
The country's rentierism meant its economy depended on oil payments rather than factories.
RELATED WORDS
OTHER MEANINGS
2. A political system where leaders live off income from resources or property instead of taxes from work.
Scholars studied rentierism to explain why the government avoided taxing its citizens.
3. An economic pattern where profits come from owning assets rather than producing new value.
Rentierism grew as investors bought apartments to rent out instead of building new homes.
4. The habit of living on unearned income from land, property, or natural resources.
His family's rentierism came from generations of collecting farmland rents.