Democracy and Economic Power : Extending the ESOP Revolution / Louis O. Kelso and Patricia Hetter Kelso

Kelso, Louis O.

ISBN 10: 0887301150 / ISBN 13: 9780887301155

Published by Cambridge, Mass. : Ballinger Pub. Co, 1986

About this Item

Fine cloth copy in a very good, very slightly edge-nicked and dust-dulled dw, now mylar-sleeved. Remains particularly and surprisingly well-preserved; tight, bright, clean and sharp-cornered. ; 175 pages; Description: xii, 175 p. ; 24 cm. Subjects: Industrial management--Employee participation--United States. Employee ownership--United States. 1 Kg.

Seller Inventory # 61540

Bibliographic Details

• Title: Democracy and Economic Power : Extending the ESOP Revolution / Louis O. Kelso and Patricia Hetter Kelso
• Publisher: Cambridge, Mass. : Ballinger Pub. Co
• Publication Date: 1986
• Language: English
• ISBN 10: 0887301150
• ISBN 13: 9780887301155
• Binding: Hardcover
• Edition: First Edition.
• Dust Jacket Condition: Dust Jacket Included

About this title

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.

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.