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Product Description
We think our wealth today comes from productive corporations and workers, but they merely add icing to a cake baked long ago. In this provocative book, Peter Barnes argues that most of today's wealth is co-inherited from nature and past human efforts, not individually earned. If some of that co-inherited wealth were placed in trust for each of us, living and yet-to-be born – creating what Barnes calls “universal property” – capitalism would be fundamentally transformed.
As Barnes notes, capitalism as we know it has two tragic flaws: it relentlessly widens inequality and destroys nature. Both flaws are a result of one-sided property rights that favor capital over everything else. Adding universal property to the current property mix would create a market economy in which businesses prosper, nature’s limits are respected, and a large middle class thrives. This smart and concise book could set the agenda for a post-COVID world.
Product Details
| Format: | Paperback, 140 pages | Language: | English |
| Dimension: | 19.56cm x 12.95cm x 1.78cm | ISBN10: | 1509544836 |
| Weight: | 181g | ISBN13: | 9781509544837 | Publication Date: | 29 Jun 2021 | Publisher: | Polity Press |
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