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Rentier Capitalism And Basic Income

Guy Standing, (2018), “Rentier Capitalism And Basic Income”, Social Europe, 28 March

Rental income has been boosted by increased firm concentration in many economic sectors – epitomised by the rise of ‘superstar firms’ – and by government action, most notably the strengthening of intellectual property rights protection and the growth of the subsidy state, as governments have chosen to compete by throwing subsidies at large corporations and rich individuals. In so doing, they have regressively depleted public budgets.

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