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

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In The Corruption of Capitalism, Guy Standing demonstrates why, in the interests of democracy and our common wealth, the rise of rentier capitalism must be resisted.Standing reveals the devastating effects of the construction of a global market economy. At the heart of the problem is the construction by successive governments, working in the interests of elites, of the most unfree market system ever created. A system in which property financial, physical, and intellectual is controlled by a tiny but enormously powerful rentier class.

Reviews

"Is it possible to make capitalism work for the many rather than the few In this thoughtful book, Guy Standing focuses on the central problem of modern capitalism - the tendency of great wealth to transform itself into political power that corrupts the political process and generates laws and regulations favouring the wealthy - and suggests useful and important solutions."Robert B. Reich "The Basic Income is an idea whose time has come, and Guy Standing has pioneered our understanding of it - not just of the concept but of the challenges it is designed to meet: rapid automation and the emergence of a precarious workforce for whom wages derived from work will never be enough. As we move into an age where work and leisure become blurred, and work dissociated from incomes, Standing's analysis is vital."Paul Mason

Author Bio

Guy Standing: Guy Standing is Research Professor at the School of Oriental and African Studies, University of London, and is a Fellow of the Academy of Social Sciences.He was previously Professor of Economic Security at the University of Bath and Professor of Labour Economics at Monash University in Australia, and was director of the Socio-Economic Security Programme of the International Labour Organization, in the United Nations. He is a co-founder and honorary co-president of the Basic Income Earth Network.