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The Case for Universal Property

Pocket
Engelsk
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  • Forfatter: Peter Barnes
  • Format: Pocket
  • Antall sider: 140
  • Språk: Engelsk
  • Forlag/Utgiver: SD Books
  • EAN: 9781509544837
  • Utgivelsesår: 2021
  • Bidragsyter: Barnes, Peter
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We think our wealth today comes from productive corporations and workers, but they merely add icing to a cake baked long ago. In this provocative book, Peter Barnes argues that most of today''s wealth is co-inherited from nature and past human efforts, not individually earned. If some of that co-inherited wealth were placed in trust for each of us, living and yet-to-be born ¿ creating what Barnes calls ¿universal property¿ ¿ capitalism would be fundamentally transformed.

As Barnes notes, capitalism as we know it has two tragic flaws: it relentlessly widens inequality and destroys nature. Both flaws are a result of one-sided property rights that favor capital over everything else. Adding universal property to the current property mix would create a market economy in which businesses prosper, nature¿s limits are respected, and a large middle class thrives. This smart and concise book could set the agenda for a post-COVID world.