President Donald Trump is America’s first rentier president. A rentier is a sort of capitalist parasite who extracts wealth from the economy without contributing to economic productivity. He is the precise opposite of the entrepreneur who disrupts markets and creates jobs with innovative new products, new manufacturing methods, or new ways to market goods or services. Many commentators bemoan today’s rentier capitalism . Now we’re seeing the advent of rentier politics. Thus emboldened, Trump in

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