Wake-up Call

Resist the Corporate State

The age of rentier capitalism (we’re more exploited than ever!)

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     from the article: “….once economic liberalization [Neo-Liberalism] took off in the 1980s, the struggle was won decisively by capital, and labor’s share of total income has shrunk everywhere.”

   

Similarly, Neo-Libs and Neo-Cons have dominated politically, leaving little room for any who support social-democracy or justice. Power has consolidated against people.

 

How intellectual property makes us more unequal

Al Jazeera September 7, 2014 

 

It is well known that globalization has put strong downward pressure on wages and benefits of workers in wealthy countries, as companies have offshored and outsourced labor to lower-wage locations and justified wage cuts to try to stay competitive. But politicians and economists have yet to come to terms with the fact that in the rich world the income distribution system itself has broken down irretrievably.

The 20th century was the only century in which most income was divided between capital (profits) and labor (wages), with the struggle for shares mediated by the state through regulations, fiscal policy and a system of social protection. But once economic liberalization took off in the 1980s, the struggle was won decisively by capital, and labor’s share of total income has shrunk everywhere.

Meanwhile, rental income, linked to the control of natural resources, property, financial assets and intellectual property, has become a dominant force in the global economy.

This is the age of rentier capitalism; rich countries are becoming rentier economies. A rising share of global income is going to rent, rather than to wages or profits from productive activities. This perpetuates inequalities: It disproportionately favors the wealthy, and accentuates inequality over generations.  read more here

 

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