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The social contract stabilizes rent extraction: elites acknowledge that rent is bad for the people but are obligated to help society by giving back through public goods and rituals.
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Public Works
The social contract stabilizes rent extraction: elites acknowledge that rent is bad for the people but are obligated to help society by giving back through public goods and rituals.
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"And all this process, is paying rent. Right? So, if you are, if you have, a school, you can charge for rent. Just as,..."
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"Right? But back then, they didn't have a government, they had the elites, who were responsible, for building temples, for building, for, for holding..."
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"...allows you to build temples. That allows you to undertake massive public works projects. Okay? So in the beginning of the empire there's massive..."
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"...redistribute the food amongst everyone else, okay? And that allows for public works projects, like irrigation, mainly irrigation, but also more temples, okay?"
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"...so the pharaoh would in his lifetime undertake a lot of public works projects okay including canals okay so that so the pyramids were..."
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"...elite, to lead you, into battle. Okay? It's also good for, public works. Okay? So, think of the pyramids, in Egypt, in the Great..."
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