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How can we reduce inequalities? How can we make work get better
recognition and better pay? Philippe Askenazy in this new book
shows that the current share of wealth is far from natural; it
results from rising rents and their capture by the actors best
endowed in the economic game. In this race for rents, the world of
work is the big loser: while many workers feed capital rents by
increased productivity and worsened working conditions, they are
stigmatized as unproductive and their earnings stagnate. By
proposing a new description of the capital-work relationship,
calling for a remobilization of the world of work, and particularly
poorly paid employees, Askenazy shows that there is a more radical
alternative to neoliberalism beyond simply redistribution.
France is often described as one of the last Western economies that
has not been able to reform itself in the face of globalization.
Yet its economy has not fallen by the wayside, and it has even
resisted the great recession that began in 2008. By interlinking
historical, economic, and political factors, and by comparing
France with other nations, this book offers keys for understanding
the puzzle found in the development of France. Dynamics at work in
the French case sidestep the usual injunctions--less state control
or less rigidity in the labor market--and instead stress the
importance of the construction of a long-term industrial strategy.
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