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[INTERVIEW] UK economist calls for redirecting capitalism to make it more inclusive

Global Transformation: The Precariat Overcoming Populism

Global Transformation: The Precariat Overcoming Populism
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Global Transformation: The Precariat Overcoming Populism

Lambert here: A dense treatment of a subject of burning concern. By Guy Standing, Professorial Research Associate, SOAS University of London, Fellow of the UK Academy of Social Sciences, and co-founder and honorary co-president of the Basic Income Earth Network (BIEN). Subjects of recent books include basic income, rentier capitalism and the growing precariat. He is a council member of the Progressive Economy Forum. Originally published at Open Democracy. Transformations tend to go through several preliminary phases. In Britain, the ‘dis-embedded’ phase in the development of industrial capitalism involved the Speenhamland system launched in 1795, the mass enclosures that created a proto-proletariat, and disruption by a technological revolution. All this prompted a period of primitive rebels – those who know what they are against, but not agreed on what they are for – in which protests were mainly against the breakdown of the previous social compact.

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