If capitalist rentierism is successfully subdued, what remains cannot be capitalism as we know it. This is because, as Piketty has argued, rentierism is effectively hardwired into capitalism. Capital, he writes, is ‘risk-oriented and entrepreneurial, at least at its inception, yet it always tends to transform itself into rents as it accumulates in large enough amounts – that is its vocation, its logical destination’. What we call ‘capitalism’ is, or inevitably becomes, rentierism.

— Rentier Capitalism by Brett Christophers