The Divine Right of Capital: Dethroning the Corporate AristocracyBerrett-Koehler Publishers, 2001 - 231 страница Wealth inequality, corporate welfare, and industrial pollution are symptoms-the fevers and chills of the economy. The underlying illness, says Business Ethics magazine founder Marjorie Kelly, is shareholder primacy: the corporate drive to make profits for shareholders, no matter who pays the cost. In The Divine Right of Capital, Kelly argues that focusing on the interests of stockholders to the exclusion of everyone else's interests is a form of discrimination based on property or wealth. She shows how this bias is held by our institutional structures, much as they once held biases against blacks and women. The Divine Right of Capital exposes six aristocratic principles that corporations are built on, principles that we would never accept in our modern democratic society but which we accept unquestioningly in our economy. Wealth bias is a holdover from our pre-democratic past. It has enabled shareholders to become a kind of economic aristocracy. Kelly shows how to design more equitable alternatives-new property rights, new forms of corporate governance, new ways of looking at corporate performance-that build on both free-market and democratic principles. We think of shareholder primacy as the natural law of the free market, much as our forebears thought of monarchy as the most natural form of government. But in The Divine Right of Capital, Kelly brilliantly demonstrates that it is no more "natural" than any other human creation. People designed this system and people can change it. We need a change of mind as profound as that of the American Revolution. We must question the legitimacy of a system that gives the wealthy few-the ten percent of Americans who own ninety percent of all stock-a disproportionate power over the many. In so doing, we can fulfill the democratic principles of our nation not only in the political sphere, but in the economic sphere as well. |
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... Creating New Wealth , Work , and a Wiser World , formerly with the Belgian central bank " Reading this work left me breathless . It addresses the life topics I have wres- tled with for twenty - five years , and someone articulate and ...
... Creating New Wealth , Work , and a Wiser World , formerly with the Belgian central bank " Reading this work left me breathless . It addresses the life topics I have wres- tled with for twenty - five years , and someone articulate and ...
Страница ix
... create it , and community wealth belongs to all . " Those are fighting words , of course , and the people who presently hold the high ground of economic power in society will not be amused . But the strength of Kelly's case is that it ...
... create it , and community wealth belongs to all . " Those are fighting words , of course , and the people who presently hold the high ground of economic power in society will not be amused . But the strength of Kelly's case is that it ...
Страница xii
... create profit - sharing incentives , but at the same time hold down wages and cut benefits . I have seen corporations become generous citizens , but only as they demand far more in tax concessions . After more than a decade of ...
... create profit - sharing incentives , but at the same time hold down wages and cut benefits . I have seen corporations become generous citizens , but only as they demand far more in tax concessions . After more than a decade of ...
Страница xiii
... created an unlikely and visionary new form of government , which today has spread around the world . And the power of kings can now be measured in a thimble . August 2001 Minneapolis , Minnesota MARJORIE KELLY questions the idea that ...
... created an unlikely and visionary new form of government , which today has spread around the world . And the power of kings can now be measured in a thimble . August 2001 Minneapolis , Minnesota MARJORIE KELLY questions the idea that ...
Страница xiv
... creating new forms , we can evolve democratic capitalism out of the aristocratic capitalism of today . We can create an economy where all can accumulate capital , and where the living capital of the commons is preserved for all to enjoy ...
... creating new forms , we can evolve democratic capitalism out of the aristocratic capitalism of today . We can create an economy where all can accumulate capital , and where the living capital of the commons is preserved for all to enjoy ...
Садржај
Introduction | xix |
Economic Aristocracy | 15 |
The Sacred Texts | 17 |
Lords of the Earth | 27 |
The Corporation as Feudal Estate | 39 |
Only the Propertied Class Votes | 49 |
Liberty for Me Not for Thee | 67 |
Wealth Reigns | 79 |
Economic Democracy | 91 |
Waking Up | 93 |
Emerging Property Rights | 105 |
Protecting the Common Welfare | 125 |
New Citizens in Corporate Governance | 143 |
Corporations Are Not Persons | 157 |
A Little Rebellion | 171 |
Друга издања - Прикажи све
The Divine Right of Capital: Dethroning the Corporate Aristocracy Marjorie Kelly Ограничен приказ - 2003 |
The Divine Right of Capital: Dethroning the Corporate Aristocracy Marjorie Kelly Ограничен приказ - 2003 |
The Divine Right of Capital: Dethroning the Corporate Aristocracy Marjorie Kelly Приказ није доступан - 2015 |
Чести термини и фразе
Amendment aristocracy assets barons Business Ethics campaign finance reform CEOs chapter cited citizens claim concept Constitution contract corporate governance corporate law corporate welfare create David Ellerman democratic divine right earnings economic democracy economic sovereignty Ellerman employee income employee ownership Enron environmental equal equity federal feudal fiduciary duty financial statements firms free market fund gains holders human ideas interests investors Jefferson John Kelly Kent Greenfield king labor liberty mandate means million monarchy National natural Omnicon owners percent political porations principles productivity profits property rights protection public corporations represent Right of Capital rules serve share shareholder primacy social investing society stakeholder laws stakeholder statutes stakeholder theory stock market stock options stockholders structures takeover theorist theory Thomas Thomas Linzey Thomas Paine tion vote wages wealth belongs wealth discrimination wealth privilege Workplace Democracy worldview wrote York
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Страница 222 - I agree with you that there is a natural aristocracy among men. The grounds of this are virtue and talents. Formerly, bodily powers gave place among the aristoi. But since the invention of gunpowder has armed the weak as well as the strong with missile death, bodily strength, like beauty, good humor, politeness, and other accomplishments, has become but an auxiliary ground of distinction.