Owning Our Future The Emerging Ownership Revolution

ISBN-10: 1605093106
ISBN-13: 9781605093109
Edition: 2012
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Description: All of the current attempts to address the economic collapse are overlooking an essential factor: ownership. So long as businesses are set up to focus exclusively on maximizing monetary returns per quarter for a narrow group of individuals the  More...

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Book details

List price: $15.99
Copyright year: 2012
Publisher: Berrett-Koehler Publishers, Incorporated
Publication date: 7/1/2012
Binding: Paperback
Pages: 288
Size: 6.00" wide x 9.25" long x 0.75" tall
Weight: 0.858
Language: English

All of the current attempts to address the economic collapse are overlooking an essential factor: ownership. So long as businesses are set up to focus exclusively on maximizing monetary returns per quarter for a narrow group of individuals the economy will be subject to crippling boom-and-bust cycles. But now people are experimenting with new forms of enterprise ownership--we are in the midst of the most creative period of economic innovation since the dawn of the Industrial Revolution. Marjorie Kelly calls these new forms generative: life-serving, aimed at creating the conditions for life for many generations to come. They are in contrast to the dominant ownership designs of today, which can be called extractive: aimed at extracting maximum short-term financial wealth. Kelly reports on emerging ownership alternatives fro all over the world, visiting a community-owned wind facility in Massachusetts, a lobster cooperative in Maine, a multi-billion-dollar employee-owned firm in London, a foundation-owned pharmaceutical in Denmark, a farmer-owned dairy in Wisconsin, and other places where an economy that works for all is being built. This is not a moment for old solutions and tired approaches. As we enter a new era of limits, alternative ownership designs can help it become a new era of fairness, sustainability, and community.

Foreword
Prologue: The Journey Ahead
The Overbuilt House of Claims: Extractive Ownership as the Cause of Financial Collapse
Debt, Inc.: Extractive Design
The Community Bank: Generative Design
Wall Street: Capital Markets on Autopilot
Overload: The Expanding House of Claims
Collapse: The Eroding Middle-Class Base
Returning to Earth: Ecological Values as the Seedbed of a Generative Economy
Walking Up: From Maximizing Profits to Sustaining Life
The Island: From Growth to Sufficiency
Bringing Forth a World: From Individualism to Community
Creating Living Companies: The Five Core Elements of Generative Ownership Design
Living Purpose: Creating the Conditions for Life
Rooted Membership: Ownership in Living Hands
Mission-Controlled Governance: Humans at the Helm
Stakeholder Finance: Capital as Friend
Ethical Networks: Reinforcing Shared Values
Epilogue: Next
Notes
Acknowledgments
Index
About the Author

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