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Landlords are an exploiting class that owns housing and extracts wealth from the people who live there, who are called tenants. They are a relic of the landowning lords that existed under feudalism and required peasants to work their land in order to live on their estates. Landlordism has been criticized by Marxists as well as classical economists such as Adam Smith.[1]
By country[edit | edit source]
Canada[edit | edit source]
In Canada, 38% of tenants live under private landlords (mostly wealthy families that own multiple properties), 20% live under corporate landlords, and 8% live under financial landlords. In 2019, the average net worth of multi-property landlord families was $1.7 million, excluding mortgage debt, which the landlords force their tenants to pay.[2]
China[edit | edit source]
In China during the new democratic period, the landlords served the international imperialist bourgeoisie and were one of the most counterrevolutionary groups in society.[3]
See also[edit | edit source]
References[edit | edit source]
- ↑ “As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.”
Adam Smith (1776). An Inquiry into the Nature and Causes of the Wealth of Nations, vol. 1: 'On the Component Parts of the Price of Commodities'. [MIA] - ↑ Ricardo Tranjan (2023-04-30). "Debunking the myth of the ‘mom-and-pop’ landlord" Monthly Review.
- ↑ Mao Zedong (1926). Analysis of the Classes in Chinese Society. [MIA]