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Divine Right of Capital: Dethroning the Corporate Aristocracy / Edition 1
     

Divine Right of Capital: Dethroning the Corporate Aristocracy / Edition 1

by Marjorie Kelly
 

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ISBN-10: 1576752372

ISBN-13: 2901576752370

Pub. Date: 12/05/2002

Publisher: Berrett-Koehler Publishers, Inc.

Majorie Kelly tells the real story behind the recent corporate scandals -- the story that the mainstream media won't touch. It's not the story of a few bad-apple CEOs, but of an economic system designed to do what it did: to enrich a few at the expense of the many. The few are the financial elite. CEOs are part of it, but they answer to Wall Street. Together they

Overview

Majorie Kelly tells the real story behind the recent corporate scandals -- the story that the mainstream media won't touch. It's not the story of a few bad-apple CEOs, but of an economic system designed to do what it did: to enrich a few at the expense of the many. The few are the financial elite. CEOs are part of it, but they answer to Wall Street. Together they constitute an aristocracy. Making them rich is what our economy is designed to do. CEOs have been indicted for pushing the limits in getting share prices up. But in the past they were fired for doing anything less. Excesses arise inevitably from a system that sees success as a rising share price. There is outrage today about the illegitimacy of CEO gains. But nowhere will you find outrage about the illegitimacy of shareholder gains, for that is the sun around which the system revolves. To question this is to question the divine right of capital. This book questions the idea that achieving a 15 percent return for a billionaire is more important than paying employees a living wage, or protecting a community's water. The Divine Right of Capital shows how to fundamentally redesign the system -- using the founding ideals of America.

Product Details

ISBN-13:
2901576752370
Publisher:
Berrett-Koehler Publishers, Inc.
Publication date:
12/05/2002
Edition description:
Reprint
Pages:
288

Table of Contents

Forewordix
Prefacexiii
Acknowledgmentsxvii
Introduction1
Part IEconomic Aristocracy
1The Sacred Texts: The Principle of Worldview19
2Lords of the Earth: The Principle of Privilege29
3The Corporation as Feudal Estate: The Principle of Property41
4Only the Propertied Class Votes: The Principle of Governance51
5Liberty for Me, Not for Thee: The Principle of Liberty69
6Wealth Reigns: The Principle of Sovereignty81
Part IIEconomic Democracy
7Waking Up: The Principle of Enlightenment95
8Emerging Property Rights: The Principle of Equality107
9Protecting the Common Welfare: The Principle of the Public Good127
10New Citizens in Corporate Governance: The Principle of Democracy145
11Corporations Are Not Persons: The Principle of Justice159
12A Little Rebellion: The Principle of (R)evolution173
Conclusion: Enron's Legacy: An Opening for Change189
Reader's Guide to Action201
Notes209
Index241
About the Author253

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