There is a lie at the heart of global capitalism Politicians financiers & 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 & 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 & elite enriches itself not through production of goods & services but through ownership of assets including intellectual property aided by subsidies tax breaks debt mechanisms revolving doors between politics & business & the privatisation of public services Rentier capitalism is entrenched by the corruption of democracy manipulated by the plutocracy & an elite-dominated media Meanwhile wages stagnate as labour markets are transformed by outsourcing automation & the on-demand economy generating more rental income while expanding the precariat The Corruption of Capitalism argues that rentier capitalism is fostering revolt & concludes by outlining a new income distribution system that would achieve the extinction of the rentier while promoting sustainable growth