Brett Christophers

Banks have taken a backseat since the global financial crisis over a decade ago. Today, our new financial masters are asset managers, like Blackstone and BlackRock. And they don’t just own financial assets. The roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; energy systems for electricity and heat; hospitals, schools, and even the homes in which many of us live—all now swell asset managers’ bulging investment portfolios. As the owners of more and more of the basic building blocks of everyday life, asset managers shape the lives of each and every one of us in profound and disturbing ways. In this eye-opening follow-up to Rentier Capitalism, Brett Christophers peels back the veil on “asset manager society.” Asset managers, he shows, are unlike traditional owners of housing and other essential infrastructure. Buying and selling these life-supporting assets at a dizzying pace, the crux of their business model is not long-term investment and careful custodianship but making quick profits for themselves and the investors that back them. In asset manager society, the natural and built environments that sustain us become one more vehicle for siphoning money from the many to the few.

Why Asset Managers Own the World

Our Lives in Their Portfolios

All hail the new masters of Capitalism: How asset managers acquired the world Banks have taken a backseat since the global financial crisis over a decade ago. Today, our new financial masters are asset managers, like Blackstone and BlackRock. And they don’t just own financial assets. The roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; energy systems for electricity and heat; hospitals, schools, and even the homes in which many of us live—all now swell asset managers’ bulging investment portfolios. As the owners of more and more of the basic building blocks of everyday life, asset managers shape the lives of each and every one of us in profound and disturbing ways. In this eye-opening follow-up to Rentier Capitalism, Brett Christophers peels back the veil on “asset manager society.” Asset managers, he shows, are unlike traditional owners of housing and other essential infrastructure. Buying and selling these life-supporting assets at a dizzying pace, the crux of their business model is not long-term investment and careful custodianship but making quick profits for themselves and the investors that back them. In asset manager society, the natural and built environments that sustain us become one more vehicle for siphoning money from the many to the few.

How did Britain's economy become a bastion of inequality? In this landmark book, the author of The New Enclosure provides a forensic examination and sweeping critique of early-twenty-first-century capitalism. Brett Christophers styles this as 'rentier capitalism', in which ownership of key types of scarce assets--such as land, intellectual property, natural resources, or digital platforms--is all-important and dominated by a few unfathomably wealthy companies and individuals: rentiers. If a small elite owns today's economy, everybody else foots the bill. Nowhere is this divergence starker, Christophers shows, than in the United Kingdom, where the prototypical ills of rentier capitalism--vast inequalities combined with entrenched economic stagnation--are on full display and have led the country inexorably to the precipice of Brexit. With profound lessons for other countries subject to rentier dominance, Christophers' examination of the UK case is indispensable to those wanting not just to understand this insidious economic phenomenon but to overcome it. Frequently invoked but never previously analysed and illuminated in all its depth and variety, rentier capitalism is here laid bare for the first time.

Who Owns the Economy, and Who Pays for It?

Rentier Capitalism

The Appropriation of Public Land in Neoliberal Britain

New Enclosure

Geoff Mann

Andrew Leyshon

Money and Finance After the Crisis provides a critical multi-disciplinary perspective on the post-crisis financial world in all its complexity, dynamism and unpredictability. Contributions illuminate the diversity of ways in which money and finance continue to shape global political economy and society. A multidisciplinary collection of essays that study the geographies of money and finance that have unfolded in the wake of the financial crisis Contributions discuss a wide range of contemporary social formations, including the complexities of modern debt-driven financial markets Chapters critically explore proliferating forms and spaces of financial power, from the realms of orthodox finance capital to biodiversity conservation Contributions demonstrate the centrality of money and finance to contemporary capitalism and its political and cultural economies

Critical Thinking for Uncertain Times

Money and Finance After the Crisis

"Envisioning Media Power develops an original geographical perspective on the nature and exercise of power in the international television economy, focusing on the UK and New Zealand markets, and on their respective relationships with the U.S. market and its globally-influential media corporations. In illuminating the fabric of television's international space economy, the book argues that power, knowledge and geography are inseparable not only from one another, but from the process of accumulation of media capital."--Provided by publisher.

on capital and geographies of television

Envisioning media power

Brett Christophers shows how laws help capitalism maintain a crucial balance between competition and monopoly. When monopolistic forces dominate, antitrust law discourages the growth of corporations and restores competitiveness. When competition becomes dominant, intellectual property law protects corporate assets and encourages investment.

Capitalism and Competition in the Court of Law

The Great Leveler

Noel Castree

Greig Charnock

David Harvey is among the most influential Marxist thinkers of the last half century. This book offers a lucid and authoritative introduction to his work, with a structure designed to reflect the enduring topics and insights that serve to unify Harvey’s writings over a long period of time. Harvey’s writings have exerted huge influence within the social sciences and the humanities. In addition, his work now commands a global readership among Left political activists and those interested in current world affairs. Harvey’s central preoccupation is capitalism and the impacts of its growth-obsessed, contradictory dynamics. His name is synonymous with key analytical concepts like ‘the spatial fix’ and ‘accumulation by dispossession’. This critical introduction to his thought is an essential companion for both new and more experienced readers. The critique of capitalism is one of the most important undertakings of our time, and Harvey’s work offers powerful tools to help us see why a ‘softer’ capitalism is insufficient and a post-capitalist future is necessary. This book is an important resource for scholars and graduate students in geography, politics and many other disciplines across the social sciences and humanities.

A Critical Introduction to His Thought

David Harvey

Envisioning Media Power develops an original geographical perspective on the nature and exercise of power in the international television economy, focusing on the UK and New Zealand markets, and on their respective relationships with the U.S. market and its globally-influential media corporations. In illuminating the fabric of television's international space economy, the book argues that power, knowledge and geography are inseparable not only from one another, but from the process of accumulation of media capital.

On Capital and Geographies of Television

Envisioning Media Power

Trevor J. Barnes

This volume in the celebrated Critical Introductions to Geography series introduces readers to the vibrant discipline of economic geography. The authors provide an original definition of the discipline, and they make a strong case for its vital importance in understanding the dynamic interconnections, movements, and emerging trends shaping our globalized world. Economic Geography addresses the key theories and methods that form the basis of the discipline, and describes its “communities of practice” and relations to related fields including economics and sociology. Numerous illustrative examples explore how economic geographers examine the world and how and why the discipline takes the forms it does, demonstrating the critical value of economic geography to making sense of globalization, uneven development, money and finance, urbanization, environmental change, and industrial and technological transformation. Engaging and thought-provoking, Economic Geography: A Critical Introduction is the ideal resource for students studying across a range of subject areas, as well as the general reader with an interest in world affairs and economics.

A Critical Introduction

Economic Geography

Why economic geography is good for you -- What is economic geography? -- Inventing economic geography : histories of a discipline -- Economic geography and its border country -- Theory and theories in economic geography -- Method and methodology in economic geography -- Unboxing economic geography -- Globalization and uneven development -- Money and finance -- Cities and urbanization -- Nature and the environment -- Industrial and technological change

Brett Christophers

Books

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