2019
DOI: 10.1177/0308518x19873007
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The rentierization of the United Kingdom economy

Abstract: There is a growing groundswell of opinion in commentary on the political economy of the Global North that the neoliberal era has seen the forceful (re)emergence of rentier capitalism. This article analyses the case of the UK. Identifying and delineating the predominant forms of contemporary rentierism operating in the UK, and using a range of datasets pertaining to the shape of the national economy, it shows that rentierism in its various guises is today a significant, even dominant, dynamic, in contrast to du… Show more

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Cited by 55 publications
(61 citation statements)
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“…However, this is not to say that platforms only generate income from rent. As Christophers (:6) notes, “[g]eneralizing, we can state: rent is typically part of a rentier’s income rather than its totality”. Thus, in arguing that platforms should be defined as rentiers, I mean to show that rentierism is a significant and central feature of how platforms operate and derive income.…”
Section: Extraction‐as‐a‐servicementioning
confidence: 99%
See 1 more Smart Citation
“…However, this is not to say that platforms only generate income from rent. As Christophers (:6) notes, “[g]eneralizing, we can state: rent is typically part of a rentier’s income rather than its totality”. Thus, in arguing that platforms should be defined as rentiers, I mean to show that rentierism is a significant and central feature of how platforms operate and derive income.…”
Section: Extraction‐as‐a‐servicementioning
confidence: 99%
“…Whether directed at capturing data rents, ground rents, or natural resource rents (Christophers ), there are structural similarities in these different mechanisms of extraction. That is not to say these money rents and data rents are equivalent or interchangeable.…”
Section: Mechanisms Of Rentier Platformsmentioning
confidence: 99%
“…Broadly considered to be income generated by an asset, rent is a “transfer payment” over the right to use property (Harvey and Chatterjee :32). Scholarly attention to rent in the built environment reveals fundamental changes in how property is owned and used—that is, how property becomes a financial asset for investors (Christophers ; Haila )—but rarely considers the state as the source of rents. By overlooking this fact, scholars miss a fundamental feature of financialisation: it grinds down the redistributive capacity of the state (cf.…”
Section: Introductionmentioning
confidence: 99%
“…As described earlier, landed wealth remains central to systems of power in Britain, across both the persistence of the aristocracy and corporations investing in land for financialisation (Shrubsole, 2019). Likewise, Brett Christophers (2019) and Beverley Skeggs (2019) argue that late capitalism has turned (back) to capitalist formations based on rent, expropriation, enclosure and exploitation to extract profit and value. Failures in land reform, described by Michael Tichelar (2018), also contribute towards understanding the resilience of the landed classes.…”
Section: The Economics Of the Firmmentioning
confidence: 99%