The Financialization of the U.K.

Brett Christophers joins PTO to talk about his new book, Rentier Capitalism: Who Owns the Economy, and Who Pays for It? We chatted about the extraordinary dominance of monopolistic rent-seeking in the UK economy, why the concept of rentierisation is more useful and accurate than the notion of financialisation when talking about the trajectory of the UK and world economies, and we also talked about how and why entrepreneurialism and competitiveness are values that are taken up far more by ordinary people in the labour market than by UK business. You can listen to the extended version of the episode by becoming a £3 supporter on patreon: https://www.patreon.com/posts/44326998