Vancouver Book Club: The Corruption of Capitalism

The Corruption of Capitalism

Why rentiers thrive and work does not pay

by Guy Standing

Synopsis

Expand/Collapse Synopsis

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.

Unless otherwise noted, the BC Humanist book club will be held on the first Tuesday of every month at a member's home.

Please suggest books for upcoming months and invite anyone who may be interested.

Most books are available at the Vancouver Public Library or local book stores or through the BC Humanist Association.

Please call for the address

WHEN
July 02, 2019 at 7pm - 9pm
WHERE
Goldis' Home
Dunbar
Vancouver, BC
Canada
Google map and directions
CONTACT
Kirsten Brawn · 604 266 9336

Will you come?



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