The Citizen's Share: Putting Ownership Back into Democracy by Joseph R. Blasi

By Joseph R. Blasi

The inspiration of staff possessing the companies the place they paintings isn't new.  In America’s early years, Washington, Adams, Jefferson, and Madison believed that the simplest fiscal plan for the Republic used to be for voters to have a few possession stake within the land, which was once the most type of effective capital. This ebook strains the improvement of that proportion proposal in American historical past and brings its message to state-of-the-art economic system, the place company capital has changed land because the resource of wealth creation.
Based on a ten-year research of revenue sharing and worker possession at small and massive businesses, this significant and insightful paintings makes the case that the Founders’ unique imaginative and prescient of sharing possession and gains deals a doable course towards restoring the center classification. Blasi, Freeman, and Kruse convey that an possession stake in an organization evokes and raises employee loyalty, productiveness, and innovation. Their e-book bargains history-, economics-, and evidence-based coverage rules at their best.

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3. By the silent operation of laws, which, without violating the rights of property, reduce extreme wealth towards a state of mediocrity, and raise extreme indigence towards a state of comfort. 4. By abstaining from measures which operate differently on different interests, and particularly such as favor one interest, at the expense of another. 5. By making one party a check on the other, so far as the existence of parties cannot be prevented, nor their views accommodated— If this is not the language of reason, it is that of republicanism.

If our wealth is less equal than our kind of government, how absurd must it be for government to lend its special aid in so partial a manner to wealth. . ”14 THE AM ERICAN VISION 23 Tench Coxe, later Hamilton’s assistant treasury secretary, wrote a series of essays against the bank. Coxe came from a rich Philadelphia family and was a respected political economist. He criticized the Bank of North America as a monopoly and attacked its corporate governance as aristocratic. There is no question but that he was an interested party.

The people fi nd themselves burdened now by the rich. . In America, the right of sovereignty resides indisputably in the body of the people, and they have the whole property of land. . But if the whole people be landlords, or hold the land so divided among them, that no one man or number of men, within the compass of the few or aristocracy overbalance them, it is a commonwealth. . In America, the balance is nine tenths on the side of the people. John Adams, in the Boston Patriot, 181165 THE AM ERICAN VISION 47 That all men are born to equal rights is true, Every being has a right to his own, as clear, as moral, as sacred, as any other being has.

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