ICT4D: The Corruption of Capitalism: Why Rentiers thrive and Work does not pay
14 March 2017
About this video
The 20th century income distribution system has broken down. The dis-embedded phase of the Global Transformation has led to rentier capitalism and class fragmentation, in which the precariat has become the mass class. It is the progressive part of it that will provide the energy for a renewed progressive politics, although the old mainstreampolitical parties have failed to respond to its insecurities, needs and aspirations.
This presentation will focus on how the precariat is uniquely disadvantaged by rentier capitalism, and on what an appropriate income distribution system should be like if it is to defuse the incipient revolt of the precariat. A premise of the talk is that there can be no return to the labourism that underpinned social democracy in the 20th century.
About the speaker
Guy Standing is Research Professor at the University of London and a founder and co-president of the Basic Income Earth Network (BIEN), an NGO promoting basic income. He was formerly a programme director in the International Labour Organisation. He has a Ph.D. from the University of Cambridge and is a Fellow of the Academy of Social Sciences. Recent books include The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay (2016), A Precariat Charter: From Denizens to Citizens (2014) and The Precariat: The New Dangerous Class (2011), which has been translated into 18 languages.