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Politicians, financiers and bureaucrats claim to believe in free competitive markets, yet they have built the most unfree market system ever created. In this Gilded Age, income is funnelled to the owners of property – financial, physical and intellectual – at the expense of society. Wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while broadening the precariat.

Now fully updated with an introduction examining the systemic issues exposed by Brexit and Covid-19, The Corruption of Capitalism argues that rentier capitalism is fostering revolt and presents a new income distribution system that would achieve the extinction of the rentier while encouraging sustainable growth.

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“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

“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 Reich, Labor Secretary to President Clinton, 1993–97

“Guy Standing’s incisive critique of the corruption of rentier capitalism and his description of the potential of the rising precariat should put politicians and ruling elites on the alert.”

John McDonnell, shadow Chancellor of the Exchequer

“Impressive […]a challenging read – and one that captures an emerging zeitgeist that we in the elite, or the “salariat”, should not ignore.”

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  • Paperback, 464 pages
  • ISBN: 9781785906817
  • 6 May 2021
  • £9.99
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  • The Corruption of Capitalism
  • eBook
  • ISBN: 9781785901119
  • 20 July 2017
  • £5.99
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