Class, Assets and Work in Rentier Capitalism
Abstract 'Rentier capitalism' is the term increasingly used to describe economies dominated by rentiers, rents, and rent-generating assets. A growing body of scholarship considers how the ownership of such assets by individuals and households is reshaping patterns of class and inequality a...
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| Published in | Historical materialism : research in critical Marxist theory Vol. 29; no. 2; pp. 3 - 28 |
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| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
Leiden | Boston
Brill
2021
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| Subjects | |
| Online Access | Get full text |
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| Abstract | Abstract
'Rentier capitalism' is the term increasingly used to describe economies dominated by rentiers, rents, and rent-generating assets. A growing body of scholarship considers how the ownership of such assets by individuals and households is reshaping patterns of class and inequality and accordingly requires the reconceptualisation of the latter phenomena. The significance of company-owned assets and corporate rents for class, inequality and their conceptualisation has not been considered, however. This article offers an exploratory investigation along these lines, highlighting the importance of employees' working relationship to company-owned, rent-generating assets for their class position. The article further reflects on how developments in this regard might be approached from the perspective of Marx's writing on value, labour and class, and the challenges that those developments potentially pose to Marxian concepts. |
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| AbstractList | ‘Rentier capitalism’ is the term increasingly used to describe economies dominated by rentiers, rents, and rent-generating assets. A growing body of scholarship considers how the ownership of such assets by individuals and households is reshaping patterns of class and inequality and accordingly requires the reconceptualisation of the latter phenomena. The significance of company-owned assets and corporate rents for class, inequality and their conceptualisation has not been considered, however. This article offers an exploratory investigation along these lines, highlighting the importance of employees’ working relationship to company-owned, rent-generating assets for their class position. The article further reflects on how developments in this regard might be approached from the perspective of Marx’s writing on value, labour and class, and the challenges that those developments potentially pose to Marxian concepts. Abstract 'Rentier capitalism' is the term increasingly used to describe economies dominated by rentiers, rents, and rent-generating assets. A growing body of scholarship considers how the ownership of such assets by individuals and households is reshaping patterns of class and inequality and accordingly requires the reconceptualisation of the latter phenomena. The significance of company-owned assets and corporate rents for class, inequality and their conceptualisation has not been considered, however. This article offers an exploratory investigation along these lines, highlighting the importance of employees' working relationship to company-owned, rent-generating assets for their class position. The article further reflects on how developments in this regard might be approached from the perspective of Marx's writing on value, labour and class, and the challenges that those developments potentially pose to Marxian concepts. 'Render capitalism' is the term increasingly used to describe economies dominated by rentiers, rents, and rent-generating assets. A growing body of scholarship considers how the ownership of such assets by individuals and households is reshaping patterns of class and inequality and accordingly requires the reconceptualisation of the latter phenomena. The significance of company-owned assets and corporate rents for class, inequality and their conceptualisation has not been considered, however. This article offers an exploratory investigation along these lines, highlighting the importance of employees' working relationship to company-owned, rent-generating assets for their class position. The article further reflects on how developments in this regard might be approached from the perspective of Marx's writing on value, labour and class, and the challenges that those developments potentially pose to Mandan concepts. |
| Author | Christophers, Brett |
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| Cites_doi | 10.1257/aer.103.3.153 10.1111/j.1468-2427.1984.tb00608.x 10.1057/jgm.2010.14 10.1086/210463 10.1086/705396 10.14318/hau5.1.027 10.1111/1467-923X.12238 10.1111/j.1468-2427.1978.tb00749.x 10.2307/j.ctt1t89fd6 |
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| Copyright | Copyright 2021 by Brett Christophers |
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| References | Sørensen, Aage B. (R000025); 105 Christophers, Brett (R000003) Sayer, Andrew (R000024) Graeber, David (R000009) Crouch, Colin (R000007); 86 Harvey, David (R000011) Marx, Karl (R000013) Christophers, Brett (R000004); 6 Adkins, Lisa (R000001) Habboush, Mahmoud (R000010) Piketty, Thomas (R000018) Wright, Erik Olin (R000027) Saunders, Peter (R000023); 8 Bell, Brian D. (R000002); 103 Massey, Doreen (R000016) Marx, Karl (R000015); Volume Three Marx, Karl (R000014) Lenin, Vladimir Ilyich (R000012) Saunders, Peter (R000022); 2 Norfield, Tony (R000017) R000006 Christophers, Brett (R000005) Piketty, Thomas (R000019); 5 Gough, Ian (R000008); I Standing, Guy (R000026) Rathod, Sandeep (R000020); 7 Sandbu, Martin (R000021) |
| References_xml | – ident: R000006 article-title: FTSE 100 CEO Pay in 2019 and during the Pandemic – volume: 103 start-page: 153 issue: 3 ident: R000002 article-title: Extreme Wage Inequality: Pay at the Very Top doi: 10.1257/aer.103.3.153 contributor: fullname: Bell, Brian D. – ident: R000011 contributor: fullname: Harvey, David – ident: R000026 contributor: fullname: Standing, Guy – volume: 8 start-page: 202 issue: 2 ident: R000023 article-title: Beyond Housing Classes: The Sociological Significance of Private Property Rights in Means of Consumption doi: 10.1111/j.1468-2427.1984.tb00608.x contributor: fullname: Saunders, Peter – volume: 7 start-page: 227 issue: 3 ident: R000020 article-title: Ever-greening: A Status Check in Selected Countries doi: 10.1057/jgm.2010.14 contributor: fullname: Rathod, Sandeep – ident: R000003 contributor: fullname: Christophers, Brett – ident: R000010 article-title: BP Gains Abu Dhabi Oil Field Stake for $2.2 Billion in Stock contributor: fullname: Habboush, Mahmoud – volume: Volume Three ident: R000015 contributor: fullname: Marx, Karl – ident: R000012 contributor: fullname: Lenin, Vladimir Ilyich – ident: R000017 contributor: fullname: Norfield, Tony – volume: 105 start-page: 1523 issue: 6 ident: R000025 article-title: Toward a Sounder Basis for Class Analysis doi: 10.1086/210463 contributor: fullname: Sørensen, Aage B. – ident: R000005 contributor: fullname: Christophers, Brett – ident: R000014 contributor: fullname: Marx, Karl – ident: R000027 contributor: fullname: Wright, Erik Olin – volume: 6 start-page: 303 issue: 2 ident: R000004 article-title: The Problem of Rent doi: 10.1086/705396 contributor: fullname: Christophers, Brett – volume: 5 start-page: 517 issue: 1 ident: R000019 article-title: Capital, Inequality, and Power doi: 10.14318/hau5.1.027 contributor: fullname: Piketty, Thomas – ident: R000016 contributor: fullname: Massey, Doreen – ident: R000001 article-title: Class in the 21st Century: Asset Inflation and the New Logic of Inequality contributor: fullname: Adkins, Lisa – volume: 86 start-page: 156 ident: R000007 article-title: The Paradoxes of Privatisation and Public Service Outsourcing doi: 10.1111/1467-923X.12238 contributor: fullname: Crouch, Colin – ident: R000013 contributor: fullname: Marx, Karl – ident: R000018 contributor: fullname: Piketty, Thomas – volume: 2 start-page: 233 issue: 1–3 ident: R000022 article-title: Domestic Property and Social Class doi: 10.1111/j.1468-2427.1978.tb00749.x contributor: fullname: Saunders, Peter – ident: R000021 article-title: How Internet Giants Damage the Economy and Society contributor: fullname: Sandbu, Martin – ident: R000009 article-title: The Center Blows Itself Up: Care and Spite in the “Brexit Election” contributor: fullname: Graeber, David – volume: I start-page: 47 issue: 76 ident: R000008 article-title: Marx’s Theory of Productive and Unproductive Labour contributor: fullname: Gough, Ian – ident: R000024 doi: 10.2307/j.ctt1t89fd6 contributor: fullname: Sayer, Andrew |
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'Rentier capitalism' is the term increasingly used to describe economies dominated by rentiers, rents, and rent-generating assets. A growing body of... ‘Rentier capitalism’ is the term increasingly used to describe economies dominated by rentiers, rents, and rent-generating assets. A growing body of... 'Render capitalism' is the term increasingly used to describe economies dominated by rentiers, rents, and rent-generating assets. A growing body of scholarship... |
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| SubjectTerms | assets class rent rentier capitalism value work |
| Title | Class, Assets and Work in Rentier Capitalism |
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