November 14, 2025

The concept of ownership is being redefined as renting-for-life. The World Economic Forum let the cat out of the bag when it proclaimed that "By 2030, you will own nothing." "You" is a condescending term that refers to everyone else but "them." Somebody has to own the stuff we will rent, but it won't be you. As real assets are being hoovered up around the world, middle-class ownership is being squeezed out like a tube of toothpaste. We are close to the point of inflection to roll over into an asset-based economy, devoid of debt and private property.