{"product_id":"the-corruption-of-capitalism-why-rentiers-thrive-and-work-does-not-pay-9781785900440","title":"The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay","description":"\u003cp\u003e\"In this thoughtful book  Guy Standing focuses on the central problem of modern capitalismthe tendency of great wealth to transform itself into political power that corrupts the political process and generates laws and regulations favouring the wealthyand suggests useful and important solutions.\"Robert Reich  US Labor Secretary 1993-1997 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 made. It is corrupt because income is channelled to the owners of propertyfinancial  physical and intellectualat 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 privatization of public services. Rentier capitalism is entrenched by the corruption of democracy  manipulated by the plutocracy and an elite-dominated media. 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. Guy Standing is a professor at the School of Oriental and African Studies  University of London  and is a Fellow of the Academy of Social Sciences. He is currently co-president of the Basic Income Earth Network.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45652936163381,"sku":"ByrdShop_1785900447","price":77.56,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9781785900440.jpg?v=1781853577","url":"https:\/\/atxbooks.com\/products\/the-corruption-of-capitalism-why-rentiers-thrive-and-work-does-not-pay-9781785900440","provider":"ATX Books","version":"1.0","type":"link"}