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Rentier Capitalism

Rentier Capitalism
Author: Brett Christophers
Publisher: Verso Books
Total Pages: 513
Release: 2020-11-24
Genre: Political Science
ISBN: 1788739744

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How did Britain’s economy become a bastion of inequality? In this landmark book, the author of The New Enclosure provides a forensic examination and sweeping critique of early-twenty-first-century capitalism. Brett Christophers styles this as ‘rentier capitalism’, in which ownership of key types of scarce assets—such as land, intellectual property, natural resources, or digital platforms—is all-important and dominated by a few unfathomably wealthy companies and individuals: rentiers. If a small elite owns today’s economy, everybody else foots the bill. Nowhere is this divergence starker, Christophers shows, than in the United Kingdom, where the prototypical ills of rentier capitalism—vast inequalities combined with entrenched economic stagnation—are on full display and have led the country inexorably to the precipice of Brexit. With profound lessons for other countries subject to rentier dominance, Christophers’ examination of the UK case is indispensable to those wanting not just to understand this insidious economic phenomenon but to overcome it. Frequently invoked but never previously analysed and illuminated in all its depth and variety, rentier capitalism is here laid bare for the first time.


The Corruption of Capitalism

The Corruption of Capitalism
Author: Guy Standing
Publisher: Biteback Publishing
Total Pages: 289
Release: 2021-05-06
Genre: Political Science
ISBN: 1785901117

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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.


Rentier Capitalism and Its Discontents

Rentier Capitalism and Its Discontents
Author: Balihar Sanghera
Publisher: Springer Nature
Total Pages: 321
Release: 2021-08-31
Genre: Political Science
ISBN: 303076303X

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This book explains and evaluates today’s economic, political, social and ecological crises through the lens of rentier capitalism and countermovements in Central Asia. Over the last three decades the rich and powerful have increased their wealth and political power to the detriment of social and environmental well-being. But their activities have not gone unchecked. Grassroots activism has resisted the harmful and damaging effects of the neoliberal commodification of things. Providing a much-needed theorisation of the moral economy and politics of rent, this book offers in-depth case studies on finance, real estate and natural resources in Kazakhstan and Kyrgyzstan. The authors show the mechanisms of rent extraction, their moral justifications and legitimacy, and social struggles against them. This book highlights the importance of class relations, state-countermovement interactions and global capitalism in understanding social and economic dynamics in Central Asia. It will be relevant to students and researchers interested in political economy, development studies, sociology, politics and international relations.


Share the Wealth

Share the Wealth
Author: Philippe Askenazy
Publisher: Verso Books
Total Pages: 237
Release: 2021-01-12
Genre: Political Science
ISBN: 1788739388

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How can we reduce inequalities? How can we make work get better recognition and better pay? Philippe Askenazy in this new book shows that the current share of wealth is far from natural; it results from rising rents and their capture by the actors best endowed in the economic game. In this race for rents, the world of work is the big loser: while many workers feed capital rents by increased productivity and worsened working conditions, they are stigmatized as unproductive and their earnings stagnate. By proposing a new description of the capital-work relationship, calling for a remobilization of the world of work, and particularly poorly paid employees, Askenazy shows that there is a more radical alternative to neoliberalism beyond simply redistribution.


Plunder of the Commons

Plunder of the Commons
Author: Guy Standing
Publisher: Penguin UK
Total Pages: 400
Release: 2019-08-29
Genre: Political Science
ISBN: 0241396336

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'One of the most important books I've read in years' Brian Eno We are losing the commons. Austerity and neoliberal policies have depleted our shared wealth; our national utilities have been sold off to foreign conglomerates, social housing is almost non-existent, our parks are cordoned off for private events and our national art galleries are sponsored by banks and oil companies. This plunder deprives us all of our common rights, recognized as far back as the Magna Carta and the Charter of the Forest of 1217, to share fairly and equitably in our public wealth. Guy Standing leads us through a new appraisal of the commons, stemming from the medieval concept of common land reserved in ancient law from marauding barons, to his modern reappraisal of the resources we all hold in common - a brilliant new synthesis that crystallises quite how much public wealth has been redirected to the 1% in recent decades through the state-approved exploitation of everything from our land to our state housing, health and benefit systems, to our justice system, schools, newspapers and even the air we breathe. Plunder of the Commons proposes a charter for a new form of commoning, of remembering, guarding and sharing that which belongs to us all, to slash inequality and soothe our current political instability.


The Asset Economy

The Asset Economy
Author: Lisa Adkins
Publisher: John Wiley & Sons
Total Pages: 176
Release: 2020-10-07
Genre: Political Science
ISBN: 1509544224

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Rising inequality is the defining feature of our age. With the lion’s share of wealth growth going to the top, for a growing percentage of society a middle-class existence is out of reach. What exactly are the economic shifts that have driven the social transformations taking place in Anglo-capitalist societies? In this timely book, Lisa Adkins, Melinda Cooper and Martijn Konings argue that the rise of the asset economy has produced a new logic of inequality. Several decades of property inflation have seen asset ownership overshadow employment as a determinant of class position. Exploring the impact of generational dynamics in this new class landscape, the book advances an original perspective on a range of phenomena that are widely debated but poorly understood – including the growth of wealth inequalities and precarity, the dynamics of urban property inflation, changes in fiscal and monetary policy and the predicament of the “millennial” generation. Despite widespread awareness of the harmful effects of Quantitative Easing and similar asset-supporting measures, we appear to have entered an era of policy “lock-in” that is responsible for a growing disconnect between popular expectations and institutional priorities. The resulting polarization underlies many of the volatile dynamics and rapidly shifting alliances that dominate today’s headlines.


Capitalism and Class in the Gulf Arab States

Capitalism and Class in the Gulf Arab States
Author: Adam Hanieh
Publisher: Springer
Total Pages: 447
Release: 2016-04-30
Genre: Political Science
ISBN: 0230119603

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This book analyzes the recent development of Gulf capitalism through to the aftermath of the 2008 economic crisis. Situating the Gulf within the evolution of capitalism at a global scale, it presents a novel theoretical interpretation of this important region of the Middle East political economy.


Rentier Capitalism

Rentier Capitalism
Author: Brett Christophers
Publisher: Verso Books
Total Pages: 513
Release: 2022-06-14
Genre: Political Science
ISBN: 1788739752

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How did Britain’s economy become a bastion of inequality? In this landmark book, the author of The New Enclosure provides a forensic examination and sweeping critique of early-twenty-first-century capitalism. Brett Christophers styles this as ‘rentier capitalism’, in which ownership of key types of scarce assets—such as land, intellectual property, natural resources, or digital platforms—is all-important and dominated by a few unfathomably wealthy companies and individuals: rentiers. If a small elite owns today’s economy, everybody else foots the bill. Nowhere is this divergence starker, Christophers shows, than in the United Kingdom, where the prototypical ills of rentier capitalism—vast inequalities combined with entrenched economic stagnation—are on full display and have led the country inexorably to the precipice of Brexit. With profound lessons for other countries subject to rentier dominance, Christophers’ examination of the UK case is indispensable to those wanting not just to understand this insidious economic phenomenon but to overcome it. Frequently invoked but never previously analysed and illuminated in all its depth and variety, rentier capitalism is here laid bare for the first time.


The Great Leveler

The Great Leveler
Author: Brett Christophers
Publisher: Harvard University Press
Total Pages: 357
Release: 2016-01-04
Genre: Business & Economics
ISBN: 0674504917

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Brett Christophers shows how laws help capitalism maintain a crucial balance between competition and monopoly. When monopolistic forces dominate, antitrust law discourages the growth of corporations and restores competitiveness. When competition becomes dominant, intellectual property law protects corporate assets and encourages investment.


Capital in the Twenty-First Century

Capital in the Twenty-First Century
Author: Thomas Piketty
Publisher: Harvard University Press
Total Pages: 817
Release: 2017-08-14
Genre: Business & Economics
ISBN: 0674979850

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What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.