Description

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.

The Corruption of Capitalism: Why rentiers thrive and work does not pay

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£9.99

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Paperback / softback by Guy Standing

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Short Description:

Politicians, financiers and bureaucrats claim to believe in free competitive markets, yet they have built the most unfree market system... Read more

    Publisher: Biteback Publishing
    Publication Date: 06/05/2021
    ISBN13: 9781785906817, 978-1785906817
    ISBN10: 178590681X

    Number of Pages: 416

    Non Fiction , Politics, Philosophy & Society

    Description

    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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