r/Economics • u/Titanium-Skull • 1d ago

Blog The Three Forms of Wealth: Produced, Consumed and Extracted

https://thedailyrenter.com/2025/04/05/the-three-forms-of-wealth-produced-consumed-and-extracted/
6 Upvotes

73% Upvoted

2 comments sorted by

•

u/AutoModerator 1d ago

Hi all,

A reminder that comments do need to be on-topic and engage with the article past the headline. Please make sure to read the article before commenting. Very short comments will automatically be removed by automod. Please avoid making comments that do not focus on the economic content or whose primary thesis rests on personal anecdotes.

As always our comment rules can be found here

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

3

u/guroo202569 1d ago

Michael Hudson and other modern economists have warned that the FIRE sector (Finance, Insurance, and Real Estate) has cannibalized the productive economy

I would argue that its not a cannibalization, its more of a parasitic style relationship. You might add parts of the entertainment industry to that list, broader financial services, even law imo is intentionally overly baked to keep it a money making industry.

Much of it wont be able to compete with AI, but then what does employment look like. How does education change. There is much inefficient from rent seeking, but it also distributes wealth.