A Real Ownership Society

Résumé du livre

A "how-to" guide for creating better corporations. Many believe that the bankruptcy of United Airlines gave us the final verdict on worker ownership. In reality, this failure has given us the answer for how to make modern capitalism work. By restructuring our corporations as a formal partnership between holders of investment capital and human capital (workers) whose investments are equally exposed to business risk, the friction of distrust between the two can be eliminated. More importantly, we can eliminate our inefficient and dysfunctional reliance on the agents who now run our corporations. By eliminating the need for inattentive corporate boards, overpaid executives, professional money managers, and bureaucratic union leaders, workers and investors can both put more money in their pockets. A Real Ownership Society provides the steps to take in order to transform corporate capitalism into a system that works for all investors, workers, consumers and citizen without the interventions of government.