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

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

There is a lie at the heart of global capitalism. Politicians, financiers and global bureaucrats claim to believe in free competitive markets, but 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 book reveals how global capitalism is rigged in favour of rentiers to the detriment of all of us, especially the precariat. A plutocracy and elite enriches itself, not through production of goods and services, but through ownership of assets, including intellectual property, aided by subsidies, tax breaks, debt mechanisms, revolving doors between politics and business, and the privatisation of public services. Rentier capitalism is entrenched by the corruption of democracy, manipulated by the plutocracy and an elite-dominated media.

Meanwhile, wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while expanding the precariat.

The Corruption of Capitalism argues that rentier capitalism is fostering revolt, and concludes by outlining a new income distribution system that would achieve the extinction of the rentier while promoting sustainable growth.

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Ebook Details
Size: 466 KB
Publisher: Biteback Publishing
Date published:   2016
ISBN: 9781785901119 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Economic History
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > Economics > Theory

This author has products in the following categories:

Nonfiction > Business & Economics > Labor
Nonfiction > Political Science > Labor & Industrial Relations
Nonfiction > Political Science > Globalization
Nonfiction > Political Science > Public Policy > Social Policy
Nonfiction > Business & Economics > Economic History
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > Economics > Theory
Nonfiction > Social Science > Sociology
Nonfiction > Social Science
Nonfiction > Social Science > Ethnic Studies
Nonfiction > Social Science > Third World Development
Nonfiction > Social Science > Poverty

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03/30/2017
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