By Brett Christophers (Verso 2020) Who is a rentier? What is rentierism? “Arqiva, a private telecommunications company, “makes money, in other words, thanks to what it controls rather than what it does, and the money handed over by its customers is accordingly remuneration not for something received – a raw material, product or service – so much as for something accessed or used. The word typically used to refer to such an access or usage payment is rent (the transmission sites, spectrum and towers are essentially being rented out); and Arqiva, insofar as such rents are its lifeblood, is what is typically referred to as a rentier. “[I]n essence, rent, at least as understood in this book, is payment to an economic actor (the rentier) who receives that rent – and this is the key factor – purely by virtue of controlling something valuable . The ‘something’, whatever it happens to be, is referred to generically as an ‘asset’: an ‘item of value owned’ (to borrow the st...