Introduction

Balihar Sanghera () and Elmira Satybaldieva ()
Additional contact information
Balihar Sanghera: University of Kent
Elmira Satybaldieva: University of Kent

Chapter Chapter 1 in Rentier Capitalism and Its Discontents, 2021, pp 1-14 from Springer

Abstract: 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.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76303-9_1

Ordering information: This item can be ordered from
http://www.springer.com/9783030763039

DOI: 10.1007/978-3-030-76303-9_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().