Elfriede HarthThe triumph of #privatepropertyrights in the end of the 20th century...
... and the #classstructure changed ... it began the age of #uncertainty
It is time for #basicincome
#GuyStanding
https://basicincome.org/news/2024/05/rentier-capitalism-the-precariat-and-basic-income-for-china/
... and the #classstructure changed ... it began the age of #uncertainty
It is time for #basicincome
#GuyStanding
https://basicincome.org/news/2024/05/rentier-capitalism-the-precariat-and-basic-income-for-china/
Rentier Capitalism, the Precariat and Basic Income for China | Basic Income News
Throughout history, capitalism has evolved, changing character and changing the class structure defining each era. The changes in the 20th century can be understood by reference to what Karl Polanyi called the Great Transformation. Briefly, in his formulation, in the 19th century, mainly in Britain, there was an initial period in the evolution of industrial capitalism that was dominated by financial capital, in which old systems of distribution, regulation and social protection were dismantled, in what we would call the pursuit of a ‘free market economy’.
Khurram Wadee ✅