Summary:
Professor Guy Standing was invited to speak to a group of leading Silicon Valley executives and they listened taking lots of notes. At the end of the speech a famous multi-billionaire got up and said he agreed with him.Guy Standing explains how the patent system is being abused creating rents for the One Percent and stifling competition.He also explains how privatisation has failed the public. [embedded content] There are three fundamental issues that lie at the heart of our current economic malaise: the first is unearned income and wealth from land rent, second the creation of money by privately owned banks, and the third is rent-seeking that is used to juice profits out of intellectual property through copyright and patents. But the political class, supported by lobbying, continues to
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Professor Guy Standing was invited to speak to a group of leading Silicon Valley executives and they listened taking lots of notes. At the end of the speech a famous multi-billionaire got up and said he agreed with him.Professor Guy Standing was invited to speak to a group of leading Silicon Valley executives and they listened taking lots of notes. At the end of the speech a famous multi-billionaire got up and said he agreed with him.Guy Standing explains how the patent system is being abused creating rents for the One Percent and stifling competition.He also explains how privatisation has failed the public. [embedded content] There are three fundamental issues that lie at the heart of our current economic malaise: the first is unearned income and wealth from land rent, second the creation of money by privately owned banks, and the third is rent-seeking that is used to juice profits out of intellectual property through copyright and patents. But the political class, supported by lobbying, continues to
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
Guy Standing explains how the patent system is being abused creating rents for the One Percent and stifling competition.
He also explains how privatisation has failed the public.
There are three fundamental issues that lie at the heart of our current economic malaise: the first is unearned income and wealth from land rent, second the creation of money by privately owned banks, and the third is rent-seeking that is used to juice profits out of intellectual property through copyright and patents.
But the political class, supported by lobbying, continues to avoid addressing these issues. So monopolies grow larger and larger, and as they do, more and more people are excluded from the economy.
To really address the root causes, why don’t we start by calling out the rentier economy as a structural issue that no progressive society can actually afford?
Host Ross Ashcroft is joined by the economist, author and co-founder of Basic Income Earth Network Prof. Guy Standing to discuss rentier capitalism and reclaiming the commons.commons.