by Summary:
Capitalism is about capitalizing whatever can be capitalized into an asset on a balance sheet. And it can be said that the creation of these 'assets' is now the focus of modern capitalism. This then defines modern capitalism as a mechanism for rent extraction, and not profit-making. And what that means is that value creation has ceased to be what markets are about. No wonder we are in the end-times for neoliberalism. Tax Research UK Assetisation and the end times of neoliberalismRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
Topics:
Mike Norman considers the following as important: Neoliberalism, rent-seeking, value production
This could be interesting, too:
Capitalism is about capitalizing whatever can be capitalized into an asset on a balance sheet. And it can be said that the creation of these 'assets' is now the focus of modern capitalism. This then defines modern capitalism as a mechanism for rent extraction, and not profit-making. And what that means is that value creation has ceased to be what markets are about. No wonder we are in the end-times for neoliberalism. Tax Research UK Assetisation and the end times of neoliberalismRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
Topics:
Mike Norman considers the following as important: Neoliberalism, rent-seeking, value production
This could be interesting, too:
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And it can be said that the creation of these 'assets' is now the focus of modern capitalism.
This then defines modern capitalism as a mechanism for rent extraction, and not profit-making.
And what that means is that value creation has ceased to be what markets are about.
No wonder we are in the end-times for neoliberalism.Tax Research UK
Assetisation and the end times of neoliberalism
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum