Signature Lecture and Reading Lab: The Corruption of Capitalism
Contesting Globalisation: This is a joint Reading Lab and Signature Lecture
Conveners: Jelke Boesten (IDI) & Peer Zumbansen (TLI)
The book: Guy Standing, The Corruption of Capitalism: Why rentiers thrive and work does not pay (2016)
There is a lie at the heart of global capitalism. Politicians, financiers and global bureaucrats claim to believe in free competitive markets, but have constructed the most unfree market system ever. It is corrupt because income is channelled to the owners of property – financial, physical and intellectual – at the expense of society.
Guy Standing is Research Professor at the University of London and a founder and co-president of the Basic Income Earth Network (BIEN), an NGO promoting basic income. He was formerly a programme director in the International Labour Organisation. He has a Ph.D. from the University of Cambridge and is a Fellow of the Academy of Social Sciences. Recent books include The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay (2016), A Precariat Charter: From Denizens to Citizens (2014) and The Precariat: The New Dangerous Class (2011), which has been translated into 18 languages.
Background of the Reading Lab:
Since November 2014, the Transnational Law Institute at King’s College London has been hosting a regular reading and discussion forum on seminal and new writings in transnational law, governance, and political legal theory. The READING LAB is an informal gathering to revisit or discover scholarly contributions to an emerging field where law and development meet and is open to anyone interested. There is only one rule: anyone attending ought to have read the assigned text.
Over the course of the next academic year, the Reading Lab will be hosted by the Transnational Law Institute in collaboration with the International Development Institute at King’s College London. The Reading Lab is open to UG and PGT/PGR students and to faculty in London and, provided there is space, beyond. Accompanying the Reading Lab is a Transnational Law LL.M. module of the same title at The Dickson Poon School of Law, which is cross-listed to the International Development Institute and the Department of War Studies.
Background of the Contesting Globalisation (post-Brexit) Signature Lectures:
The Brexit vote on 23 June 2016 and the spectre of the United Kingdom leaving the European Union have been labeled as one of the most momentous historical events in centuries. Its constitutional dimension is being debated far beyond the country’s borders, but so are the vote’s even deeper causes and origins. While some point to the growing frustration of UK citizens over an alleged loss of sovereignty, which is said to manifest itself in immigration numbers and herewith associated fiscal and economic burdens, others argue for a wider view. From that perspective, Brexit has to be seen as an outcry against conditions of economic and political marginalization, and a state of precariousness in which the 99% finds itself today – in the UK and well beyond. Brexit, then, becomes an illustration of ‘globalisation and its discontents’, a long-overdue and, looking at the manifestations of public outcry in Greece, Spain, and elsewhere, an event less surprising than the post-vote news had made it out to be.
Refreshments will be provided.