LEADER 04207nam 2200553 450 001 9910467474503321 005 20200520144314.0 010 $a1-5230-9566-0 035 $a(CKB)4100000007432412 035 $a(MiAaPQ)EBC5628820 035 $a(PPN)233904417 035 $a(Au-PeEL)EBL5628820 035 $a(OCoLC)1081433859 035 $a(EXLCZ)994100000007432412 100 $a20190126d2019 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aCitizen capitalism $ehow a universal fund can provide influence and income to all /$fLynn Stout, Sergio Gramitto, Tamara Belinfanti 210 1$aOakland, California :$cBerrett-Koehler Publishers, Inc.,$d2019. 215 $a1 online resource (185 pages) 311 $a1-5230-9565-2 320 $aIncludes bibliographical references and index. 327 $aCover -- Half Title -- Title -- Copyright -- Dedication -- Contents -- Preface 327 $aIntroduction: What If? -- Chapter 1: Lost Opportunity -- Chapter 2: Short-Termism and Corporate Governance -- Chapter 3: Introducing the Universal Fund -- Chapter 4: The Private Money Is There -- Chapter 5: How Citizen Capitalism Unleashes Corporations? Positive Power -- Chapter 6: How Citizen Capitalism Embraces Capitalist Principles -- Chapter 7: How Citizen Capitalism Mirrors American Values -- Chapter 8: How Citizen Capitalism Promotes Equality -- Chapter 9: How Citizen Capitalism Compares to Other Proposals -- Chapter 10: Why Not? Conclusion: What Next? 327 $aNotes -- Acknowledgments -- Index -- About the Authors 330 $a"Corporations have a huge influence on the life of every citizen?this book offers a visionary but practical plan to give every citizen a say in how corporations are run while also gaining some supplemental income. It lays out a clear approach that uses the mechanisms of the private market to hold corporations accountable to the public. This would happen through the creation of what the authors call the Universal Fund, a kind of national, democratic, mega mutual fund. Every American over eighteen would be entitled to a share and would participate in directing its share voting choices. Corporations and wealthy individuals would donate stocks, bonds, cash, or other assets to the fund just like they do to other philanthropic ventures now. The fund would pay out dividends to its citizen-shareholders that would grow as the fund grows. The Universal Fund is undoubtedly a big idea, but it is also eminently practical: it uses the tools of capitalism, not government, to give all citizens a direct influence on corporate actions. It would be a major institutional investor beholden not to a small elite group of stockholders pushing for short-term gain but to everyone. The fund would reward corporations that made sure their actions didn't harm people, communities, and the environment, and it would enable them to invest in innovations that would take more than a few months to pay off. Which is another reason corporations would donate to the fund?they could be freed from the constant pressure to maximize their quarterly share price and would essentially be subsidized for doing good. The authors demonstrate that our current economic rules force corporations to be shortsighted and even destructive because for most large investors, nothing matters but share price. The Universal Fund is designed to be a powerful positive balancing force, making the world a better place and the United States a better nation.' -- Provided by publisher 606 $aBasic income 606 $aCapitalism 606 $aFree enterprise 606 $aCitizenship 608 $aElectronic books. 615 0$aBasic income. 615 0$aCapitalism. 615 0$aFree enterprise. 615 0$aCitizenship. 676 $a362.582 700 $aStout$b Lynn A.$f1957-$0478993 702 $aGramitto$b Sergio 702 $aBelinfanti$b Tamara 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910467474503321 996 $aCitizen capitalism$92269794 997 $aUNINA