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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Страница vi
... the democracy which has overthrown the feudal system and vanquished kings will retreat before tradesmen and capitalists ? ALEXIS DE TOCQUEVILLE Democracy in America Foreword THE UNASKED QUESTION that hovers over American politics and.
... the democracy which has overthrown the feudal system and vanquished kings will retreat before tradesmen and capitalists ? ALEXIS DE TOCQUEVILLE Democracy in America Foreword THE UNASKED QUESTION that hovers over American politics and.
Страница xi
... kings , but we find ourselves in the grip of a new divine right of capital . The democratic ideals of America's founding fathers show the way out . That way leads to economic democracy , to a new economic order that respects the ...
... kings , but we find ourselves in the grip of a new divine right of capital . The democratic ideals of America's founding fathers show the way out . That way leads to economic democracy , to a new economic order that respects the ...
Страница xiii
... kings was once as great . The institution of kingship dominated the globe for millennia as a nearly universal form of government stretching back to the dawn of civi- lization . The very idea of monarchy once seemed eternal and divine ...
... kings was once as great . The institution of kingship dominated the globe for millennia as a nearly universal form of government stretching back to the dawn of civi- lization . The very idea of monarchy once seemed eternal and divine ...
Страница xiv
... kings , wealth privilege was deeply woven into both political and economic institutions . Civilization crossed a great divide into a new world of democracy in the twentieth century . But we have democratized only politics , not ...
... kings , wealth privilege was deeply woven into both political and economic institutions . Civilization crossed a great divide into a new world of democracy in the twentieth century . But we have democratized only politics , not ...
Страница xvi
... kings was once as great . The institution of kingship dominated the globe for millennia , as a nearly universal form of government stretching back to the dawn of civi- lization . The very idea of monarchy once seemed eternal and divine ...
... kings was once as great . The institution of kingship dominated the globe for millennia , as a nearly universal form of government stretching back to the dawn of civi- lization . The very idea of monarchy once seemed eternal and divine ...
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.