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In this "patrimonial society," a small group of wealthy rentiers lives lavishly on the fruits of its inherited wealth, and the rest struggle to keep up.
Piketty calls this "patrimonial capitalism," a state that is certain to occur if the rate of return to wealth remains higher than the rate of growth of the economy.
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"This is a patrimonial government," says Ms López Maya.The authoritarian state he commands is sliding towards totalitarianism.
Unchecked, this contradiction will ultimately bring a return to what he called the "patrimonial capitalism" of the 19th century (as shown in the novels of such authors as Jane Austen and Honoré de Balzac, wherein the preferred path to wealth is inheritance or marriage rather than labour).
And here I was playing out the patrimonial destiny.
And the dependence on the state that the patrimonial system created has not vanished.
Finally, the ambitions of the princes themselves did not aim above the patrimonial policies of the past.
In 1354 Charles led an army into Italy to secure recognition of the authority of the House of Luxembourg and of the patrimonial dominions of Bohemia.
Only a burst of rapid growth (from technological progress or rising population) or government intervention can be counted on to keep economies from returning to the "patrimonial capitalism" that worried Karl Marx.
The domain of Cobourg, the patrimonial estate of the present duke, the eldest of the family and brother of Leopold, was a very principality, the net revenue did not exceed £700 per annum.
Not only did the title aim at identifying the new Russia with European political tradition, but it also bespoke the new conception of rulership and of political authority that Peter wanted to implant: that the sovereign emperor was the head of the state and its first servant, not the patrimonial owner of the land and "father" of his subjects (as the tsar had been).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com