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, the second is 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 economist, author and co-founder of Basic Income Earth Network, Professor Guy Standing to discuss rentier capitalism and reclaiming the commons.