The Resource The divine right of capital : dethroning the corporate aristocracy, Marjorie Kelly, (electronic resource)

The divine right of capital : dethroning the corporate aristocracy, Marjorie Kelly, (electronic resource)

Label
The divine right of capital : dethroning the corporate aristocracy
Title
The divine right of capital
Title remainder
dethroning the corporate aristocracy
Statement of responsibility
Marjorie Kelly
Creator
Contributor
Subject
Genre
Language
eng
Summary
Updated paperback edition includes: a new chapter and a Reader's Guide: It Explores the real causes of the Enron fiasco and other recent corporate scandals, Explodes the myth that the stock market is "democratizing" wealth and Gives practical guidance to help employees and communities change corporate governance and unfetter the genius of the free market. 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
Cataloging source
Midwest
http://library.link/vocab/creatorDate
1953-
http://library.link/vocab/creatorName
Kelly, Marjorie
Dewey number
330.12/2
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
hoopla digital
http://library.link/vocab/subjectName
  • Capitalism
  • Social responsibility of business
  • Business ethics
  • Big business
  • Power (Social sciences)
  • Business and politics
  • Democracy
  • International business enterprises
  • International economic relations
Target audience
adult
Label
The divine right of capital : dethroning the corporate aristocracy, Marjorie Kelly, (electronic resource)
Link
Instantiates
Publication
Color
multicolored
Control code
MWT11282199
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781609945459
Isbn Type
(electronic bk.)
Publisher number
MWT11282199
Specific material designation
remote
System details
Mode of access: World Wide Web
Label
The divine right of capital : dethroning the corporate aristocracy, Marjorie Kelly, (electronic resource)
Link
Publication
Color
multicolored
Control code
MWT11282199
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781609945459
Isbn Type
(electronic bk.)
Publisher number
MWT11282199
Specific material designation
remote
System details
Mode of access: World Wide Web

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