“The Precariat in the Age of Rentier Capitalism: The New Dangerous Class.” A lecture by Guy Standing as part of Money.


From 6 November 2016




Garage Atrium


Increasing inequality and the collapse of social guarantees: what forms of politization can this bring into force? A lecture by the economist and sociologist Guy Standing will take place as part of the Money thematic block and will touch upon the most disturbing issues of present day global economics.

In the context of globalisation and the end-game of the neo-liberal phase of Global Transformation, in what is euphemistically called austerity, the twentieth century income distribution system has broken down irretrievably. Aided by the silicon revolution and a generation of labour market flexibility policies, the interests of financial capital have constructed an unfree market system of rentier capitalism. One consequence is that growing inequality has generated a global class structure in which the precariat is growing and becoming steadily more insecure and vulnerable. The precariat consists of millions of people being forced to live unstable lives, without occupational identity, relying on low and volatile wages and losing all forms of rights. It is alienated, anomic, anxious and angry. This presentation will elaborate on these themes and will draw on a trilogy of recent books.


Guy Standing is an economist and sociologist, whose studies concentrate on the global socio-economic processes, and precarization in particular. Standing is one of the main advocates of unconditional basic income (a sum of money paid to every citizen regardless of their social and labor status). He is the author of the book The Precariat: The New Dangerous Class, translated into Russian.


COLTA.RU — Russia’s main independent portal for arts, culture and society. A public-funded website, founded in 2012.

The Heinrich Böll Foundation — Renowned German foundation with offices around the world. Since 1997, the foundation has supported social and cultural projects promoting democratic values, ecology, gender and ethnic equality.


Admission free

This lecture is part of Money, one of the thematic blocks of the NOW. Constructing Contemporaneity festival and has been organized by Garage in collaboration with Colta.ru and the Heinrich Böll Foundation.