Context: They still squeeze you for all they can.
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As Adam Smith once wisely observed:
The rent of land, therefore, considered as the price paid for the use of the land, is naturally a monopoly price. It is not at all proportioned to what the landlord may have laid out upon the improvement of the land, or to what he can afford to take; but to what the farmer can afford to give.
No matter what, landlords, as a class, will always demand as much as their victims can give.
Hence why he argued that capitalism will only work within a moral framework or else it’ll descend back into oligarchy.
Low and behold, we’re there again.
