The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay

Why Rentiers Thrive and Work Does Not Pay

Guy Standing

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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.


Einband Taschenbuch
Seitenzahl 320
Erscheinungsdatum 13.02.2018
Sprache Englisch
ISBN 978-1-78590-217-8
Verlag UK Books
Maße (L/B/H) 19.8/12.6/3.2 cm
Gewicht 357 g
Verkaufsrang 24875


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  • Glossary of Acronyms vii

    Preface ix

    Chapter 1 The Origins of Our Times 1

    Chapter 2 The Shaping of Rentier Capitalism 41

    Chapter 3 The Plague of Subsidies 85

    Chapter 4 The Scourge of Debt 135

    Chapter 5 Plunder of the Commons 167

    Chapter 6 Labour Brokers: The Precariat Bears the Strain 209

    Chapter 7 The Corruption of Democracy 241

    Chapter 8 Rent Asunder: The Precariat's Revolt 279

    Endnotes 321