ENGLISH

Not Paying the Rent: Imagining a Fairer Capitalism

By Neil Wilcock , Edgar Federzoni dos Santos

Book information

Publisher
Palgrave Macmillan
Year
2021
ISBN
3030788601, 9783030788605
Language
english
Format
EPUB
Filesize
351 kB (359809 bytes)
Edition
1
Pages
220\0
Time added
2021-11-11 04:16:18

Description

This is a conversational book with chapters directly followed by responses from experts. The main authors propose that the failure in development is not due to capitalism but rather rentism, which is earnings based on political rather market returns. Rent prevents development and ingrains social and economic inequalities. Using the case study of Brazil’s economic development, it is shown how development fails because policies Brazil and other low to middle-income countries promote do not overcome the main obstacle to development - rent. The overcoming of rent would occur within a model of globalisation whereby the advanced economics still prosper concurrently as the poorest countries grow, all underpinned by international organisations defending a rule-based globalisation.  Not Paying the Rent: Imagining a Fairer Capitalism presents a new application of the theory of rent, both historically in the case of Brazil, and in practical terms in tackling it through modern international organisations. It will be relevant to students, researchers, and general readers interested in inequality and development economics.

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