Capitalism and Rent : A Destructive Relationship

Rent blocks the transition to capitalism . Rent is intrinsically tied to inequality. Profit requiers rising mass incomes. International specialisation on raw materials has traditionally contributed to the incrase of rent . Devaluation and export-oriented manufacturing favour the transformation of rent into capitalist growth . The maghreb countries are not well placed for such export-oriented manufacturing.Their production of basic necessities is not sufficient for devaluation below purchasing power parity.These countries risk succumbing to the impending globalisation of rent .