Wealth Supremacy

Informationen zum Autor Marjorie Kelly is Distinguished Senior Fellow at The Democracy Collaborative, a national R&D lab for a democratic economy. She was named by Fast Company as one of 15 people at the forefront of reinventing our economic system. Her classic book, The Divine Right of Capital , is credited by Jay Coen Gilbert, B Lab co-founder, as having inspired the B Corp movement. Her subsequent books, Owning Our Future and The Making of a Democratic Economy , won awards and acclaim. Formerly, Marjorie was a fellow at Tellus Institute, where she cofounded Corporation 20/20, after co-founding and editing Business Ethics magazine. Klappentext "Author of The Divine Right of Capital exposes the myths of capitalism today and calls for an end to wealth supremacy and capital bias. Wealth Supremacy makes a case that no one else is making: instead of pointing to billionaires as the sole problem or being another analysis of wealth inequality, it clearly articulates the pervasive, unnamed bias toward wealth that invisibly pervades the system. We know the system is rigged-what isn't commonly understood is how. Marjorie Kelly skillfully reveals how bias toward capital works, breaking down the pretenses that legitimize and obscure the deep operating system that drives large corporations and extractive investing"-- Zusammenfassung A powerful analysis of how the bias towards wealth that is woven into the very fabric of American capitalism is damaging people, the economy, and the planet, and what the foundations of a new economy could be. This bold manifesto exposes seven myths underlying wealth supremacy, the bias that institutionalizes infinite extraction of wealth by and for the wealthy, and is the hidden force behind economic injustice, the climate crisis, and so many other problems of our day: The Myth of Maximizing: No amount of wealth is ever enough. The Myth of Fiduciary Duty: Corporate managers' most sacred duty is to expand capital. The Myth of Corporate Governance: Corporate membership must be reserved for capital alone. The Myth of the Income Statement: Income to capital must always be increased, while income to labor must always be decreased. The Myth of Materiality: Profitmaterial gainalone is real, while social and environmental damages are not. The Myth of Takings: The first duty of government must be the protection of private property. The Myth of the Free Market: There should be no limits on the field of action of corporations and capital. Kelly argues instead for the democratization of ownership: public ownership of vital services, worker-owned businesses, and more. And she sketches the outlines of a non-extractive capitalism that would be subordinate to the public interest. This is an ambitious reimagining of the very foundations of our economy and society....

Auteur
Marjorie Kelly is Distinguished Senior Fellow at The Democracy Collaborative, a national R&D lab for a democratic economy. She was named by Fast Company as one of “15 people at the forefront of reinventing our economic system.” Her classic book, The Divine Right of Capital, is credited by Jay Coen Gilbert, B Lab co-founder, as having “inspired the B Corp movement.” Her subsequent books, Owning Our Future and The Making of a Democratic Economy, won awards and acclaim. Formerly, Marjorie was a fellow at Tellus Institute, where she cofounded Corporation 20/20, after co-founding and editing Business Ethics magazine.