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The Corruption of Capitalism
Why rentiers thrive and work does not pay
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The Corruption of Capitalism
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
This book is essential reading for those interested in politics, economics, and social justice, especially readers concerned with labour rights, inequality, and the flaws within modern capitalism.
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.
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Description
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.
Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
Paul Mason praises Standing's pioneering analysis of basic income and the challenges of a precarious workforce in an era of automation. Robert Reich highlights the book's thoughtful focus on wealth transforming into corrupt political power and notes its useful solutions. John McDonnell commends Standing's incisive critique and warns that the rising precariat demands political attention.
Book Details
INFORMATION
ISBN: 9781785906817
Publisher: Biteback Publishing
Format: Paperback / softback
Date Published: 06 May 2021
Country: United Kingdom
Imprint: Biteback Publishing
Edition: New edition
Audience: General / adult
DIMENSIONS
Weight: 250g
Pages: 416
About the Author
Guy Standing is a professor at SOAS, University of London, and is a fellow of the Academy of Social Sciences. He was previously professor of labour economics at Monash University and before that director of the Socio-Economic Security Programme of the International Labour Organization. He is co-president of the Basic Income Earth Network. His books include Work after Globalization: Building Occupational Citizenship (2009), The Precariat: The New Dangerous Class (2011) and Basic Income: And How We Can Make It Happen (2017). He lives in Switzerland.
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