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Introduction

In: Rentier Capitalism and Its Discontents

Author

Listed:
  • Balihar Sanghera

    (University of Kent)

  • Elmira Satybaldieva

    (University of Kent)

Abstract

This book offers a moralmoral economic critique of post-Soviet capitalism. In freeing markets from government regulation, neoliberalismneoliberalism enabled powerful economic actors to extract income by virtue of property rightsproperty rights that entitled them to a stream of income from mere ownership and control of existing scarce assets, including money creditcredit, real estatereal estate and natural resourcesnatural resources (SayerSayer, Andrew 2015). Neoliberalismneoliberalism created and expanded the role of rentrent and unearned incomeunearned income in post-Soviet economies. Income extractionincome extraction through interest, rentrent, dividends and capital gains was justified and normalised as part of the ‘free marketfree market’ system. Rent-seekingrent-seeking practices went beyond natural resource extraction and illicit public and private takings.

Suggested Citation

  • Balihar Sanghera & Elmira Satybaldieva, 2021. "Introduction," Springer Books, in: Rentier Capitalism and Its Discontents, chapter 0, pages 1-14, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-76303-9_1
    DOI: 10.1007/978-3-030-76303-9_1
    as

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