Why We Can't Afford the Rich

Author:   Andrew Sayer
Publisher:   Policy Press
ISBN:  

9781447320869


Pages:   448
Publication Date:   11 November 2015
Format:   Paperback

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Why We Can't Afford the Rich


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Full Product Details

Author:   Andrew Sayer
Publisher:   Policy Press
Imprint:   Policy Press
Dimensions:   Width: 14.80cm , Height: 3.00cm , Length: 21.60cm
Weight:   0.499kg
ISBN:  

9781447320869


ISBN 10:   1447320867
Pages:   448
Publication Date:   11 November 2015
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active

Table of Contents

Introduction; Part I: A Guide to Wealth Extraction; Slippery Terms and Vital Distinctions; For rent . . . for what?; Interest . . . for what? or We need to talk about usury; Profit from production: or capitalists and rentiers: what’s the difference?; Other ways to skin a cat; Don’t the Rich Create Jobs? – and other objections; Part II: Putting the Rich in Context: What Determines What People Get?; To what do we owe our wealth?: Our dependence on the commons; So what determines pay?; The myth of the level playing field; Part III: How the Rich Got Richer: Their Part in the Crisis; The roots of the crisis; Key winners; Summing up: the crisis and the return of the rentiers; Part IV: Rule by the Rich, for the Rich; Silent power, pol donations lattice of influence; Hiding it; Illegal? + poachers; What about philanthropy?; Plutonomy; Part V: Ill-gotten and Ill-spent: From Consumption to Ill-Being and CO2; Spending it; Global warming trumps everything; Conclusion: back to basics – what kind of economy do we need?.

Reviews

Sayer shows compellingly...just how much tolerating grand accumulations of private wealth is costing us. Too Much. A timely and insightful guide to how the rich managed top shape a language and political agenda that suited their purposes just perfectly. Tax Justice Focus Packed with useful information and insights, this is a useful complement to Thomas Pikkety's Capital in the Twenty First Century, and makes a serious challenge to the many claims propagated by rich people and their minions. Tax Justice Network Why We Can't Afford the Rich presents a nuanced, well-formed vision, which speaks from the perspective of a moral economy. Marx & Philosophy Review of Books. This is a powerful book deserving a wide readership. People, Place and Policy The value of Sayer's account lies in his readable and persuasive attack on the idea that the very richest have accumulated their wealth fairly and deserve to be allowed to accumulate more. The London School of Economics and Political Science This timely and important book exposes the pernicious influence of the super rich on our economic and social fabric. It underlines the need for radical action to redistribute wealth, rebalance our economy and tackle inequality. A must read for politicians and policymakers alike Frances O'Grady, TUC General Secretary Sayer's penetrating analysis of asset-based unearned income is a powerful case for socialism, supporting as he does land nationalisation and the creation of banks with the remit to lend for productive investment in ethical and environmentally sustainable business. Morning Star


Sayer shows compellingly...just how much tolerating grand accumulations of private wealth is costing us. Too Much. A timely and insightful guide to how the rich managed top shape a language and political agenda that suited their purposes just perfectly. Tax Justice Focus Packed with useful information and insights, this is a useful complement to Thomas Pikkety's Capital in the Twenty First Century, and makes a serious challenge to the many claims propagated by rich people and their minions. Tax Justice Network Why We Can't Afford the Rich presents a nuanced, well-formed vision, which speaks from the perspective of a moral economy. Marx & Philosophy Review of Books. The value of Sayer's account lies in his readable and persuasive attack on the idea that the very richest have accumulated their wealth fairly and deserve to be allowed to accumulate more. The London School of Economics and Political Science This timely and important book exposes the pernicious influence of the super rich on our economic and social fabric. It underlines the need for radical action to redistribute wealth, rebalance our economy and tackle inequality. A must read for politicians and policymakers alike Frances O'Grady, TUC General Secretary Sayer's penetrating analysis of asset-based unearned income is a powerful case for socialism, supporting as he does land nationalisation and the creation of banks with the remit to lend for productive investment in ethical and environmentally sustainable business. Morning Star; This is a powerful book deserving a wide readership. People, Place and Policy


This timely and important book exposes the pernicious influence of the super rich on our economic and social fabric. It underlines the need for radical action to redistribute wealth, re-balance our economy and tackle inequality. A must read for politicians and policymakers alike. --Frances O Grady general secretary, Trades Union Congress


Author Information

Andrew Sayer is Professor of Social Theory and Political Economy at Lancaster University, UK. He has a long-standing interest in moral economy and has written several books on political economy, inequality, class, and philosophy and ethics, including Radical Political Economy: A Critique (Blackwell, 1995); The Moral Significance of Class (2005) and Why Things Matter to People: Social Science, Values and Ethical Life (2011) (both Cambridge University Press).

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