Synopsis
Politicians, financiers and bureaucrats claim to believe in free competitive markets, yet they have built the most unfree market system ever created. In this Gilded Age, income is funnelled to the owners of property – financial, physical and intellectual – at the expense of society. Wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while broadening the precariat.
Now fully updated with an introduction examining the systemic issues exposed by Brexit and Covid-19, The Corruption of Capitalism argues that rentier capitalism is fostering revolt and presents a new income distribution system that would achieve the extinction of the rentier while encouraging sustainable growth.
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About the Author
Guy Standing is professorial research associate at SOAS, University of London. An economist with a PhD from the University of Cambridge, he is a fellow of the British Academy of Social Sciences and the Royal Society of Arts, co-founder and honorary co-president of the Basic Income Earth Network, and a member of the Progressive Economy Forum. In 2016–19, he was an adviser to the shadow Chancellor of the Exchequer, John McDonnell.
He was professor at SOAS, Bath and Monash universities and director of the ILO’s Socio-Economic Security Programme. He has been a consultant for many international bodies, was research director for President Mandela’s Labour Market Policy Commission and has implemented several basic income pilots. His books include The Precariat: The New Dangerous Class, published in 23 languages; The Corruption of Capitalism; Basic Income: And How We Can Make It Happen; and Plunder of the Commons. In 2020, he collaborated with Massive Attack on a video based on his book Battling Eight Giants: Basic Income Now.
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Corruption of Capitalism : Why Rentiers Thrive and Work Does Not Pay
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Paperback. Condition: New. Politicians, financiers and bureaucrats claim to believe in free competitive markets, yet they have built the most unfree market system ever created. In this Gilded Age, income is funnelled to the owners of property - financial, physical and intellectual - at the expense of society. Wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while broadening the precariat.Now fully updated with an introduction examining the systemic issues exposed by Brexit and Covid-19, The Corruption of Capitalism argues that rentier capitalism is fostering revolt and presents a new income distribution system that would achieve the extinction of the rentier while encouraging sustainable growth. Seller Inventory # LU-9781785906817
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Paperback. Condition: New. Politicians, financiers and bureaucrats claim to believe in free competitive markets, yet they have built the most unfree market system ever created. In this Gilded Age, income is funnelled to the owners of property - financial, physical and intellectual - at the expense of society. Wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while broadening the precariat.Now fully updated with an introduction examining the systemic issues exposed by Brexit and Covid-19, The Corruption of Capitalism argues that rentier capitalism is fostering revolt and presents a new income distribution system that would achieve the extinction of the rentier while encouraging sustainable growth. Seller Inventory # LU-9781785906817
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Paperback. Condition: new. Paperback. When it was originally published in 2016, The Corruption of Capitalism introduced the concept of rentier capitalism, whereby a small, rich cadre controls access to property and profit without actually contributing to society. In this third edition of his bestselling polemic, celebrated labour economist Guy Standing brings his tale of corruption up to date to encompass debates around the pandemic slump and Brexit.There is a lie at the heart of global capitalism. Politicians, financiers and global bureaucrats claim to believe in free competitive markets, but they have constructed the most unfree market system ever.It is corrupt because income is channelled to the owners of property financial, physical and intellectual at the expense of society.This classic book reveals how global capitalism is rigged in favour of rentiers to the detriment of the precariat and others an inequity that has been made starker by the advent of coronavirus. A plutocracy and elite enriches itself not through production of goods and services but through ownership of assets and the privatisation of public services. Meanwhile, wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while expanding the precariat In this third edition of his best-selling polemic celebrated labour economist Guy Standing brings his tale of corruption up to date to encompass debates around the pandemic slump and Brexit. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781785906817
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CORRUPTION OF CAPITALISM
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