Innovation & Inequality

    Disruption caused by innovation both creates goods the wealthy are more likely to use and eliminates jobs more likely held by working and middle class employees. We want to better understand how to respond to innovation in order to avoid or ameliorate both of these ways of exacerbating inequality.

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    The Precariat under Rentier Capitalism

    The Precariat under Rentier Capitalism Guy Standing We are in the midst of a Global Transformation, analogous to Karl Polanyi’s Great Transformation described in his seminal 1944 book. Whereas Polanyi’s Transformation was about constructing national market systems, today’s is about the painful construction of a global market system. To use Polanyi’s term, the ‘dis-embedded’ phase has been dominated by an ideology of market liberalisation, commodification and privatisation, orchestrated by financial interests, as in his model. The similarities also extend to today’s fundamental challenge, how to construct a ‘re-embedded’ phase, with new systems of regulation, distribution and social protection. Read more

    What Are the Moral Limits of Markets?

    In recent decades, market values have crowded out non- market norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, we have drifted from having a market economy to being a market society. Is this where we want to be? Watch the video