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Synopsis
Why do the rich get richer and the poor stay poor? How can we privatize publicly owned capital facilities so that employees and users own the stock? How can unions win "more" for their members without rendering American employees uncompetitive? What steps can the government take to make every American economically independent? "Democracy and Economic Power" aims to answer these questions and many more like them. In their book "Two-Factor Theory", the Kelsos first introduced the Employee Stock Ownership Plan (ESOP) and began the process that enabled some 10 million employees to become stockholders. "Democracy and Economic Power" presents their economic, political, and financial blueprint for extending ESOPs to millions more Americans. With ESOPs they, too, can buy and pay for income-earning capital out of capital's own earnings instead of labour income. In today's continuously evolving economy, everyone needs personal capital holdings to supplement and, in time, replace labour income. "Democracy and Economic Power" is a guide for anyone wanting to partake in this revolution, including public employees, professsionals, artists, teachers, the self-employed, and even home buyers. The Kelsos unveil seven new financing techniques based on the same financing logic as the already market-tested ESOP. The authors demonstrate how with these new techniques Americans can democratize capital ownership within the framework of our existing institutions and private property value system.
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About the Author
\Louis O. Kelso is a Partner in Kelso & Company, a San Francisco and New York investment banking firm. Patricia Hetter Kelso is a Vice President at Kelso & Company and also Vice President of the Institute for the Study of Economic Systems.
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Democracy and Economic Power
Published by
University Press of America, 1990
ISBN 10: 0819179094
ISBN 13: 9780819179098
Used
Softcover
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Democracy and Economic Power
Published by
University Press of America, 1990
ISBN 10: 0819179094
ISBN 13: 9780819179098
Used
Paperback
Seller: HPB-Red, Dallas, TX, U.S.A.
Seller rating 5 out of 5 stars
Paperback. Condition: Acceptable. Connecting readers with great books since 1972. Used textbooks may not include companion materials such as access codes, etc. May have condition issues including wear and notes/highlighting. We ship orders daily and Customer Service is our top priority! Seller Inventory # S_335209180
Quantity: 1 available