Citizen Capitalism: How a Universal Fund Can Provide Influence and Income to All Audiobook (Free)

Corporations have a huge influence on the life span of every resident—this book gives a visionary but practical intend to give every citizen a tell you in how corporations are run while also gaining some supplemental income. It lays out a definite strategy that uses the mechanisms of the personal market to hold corporations responsible to the general public.

This would happen through the creation of the actual authors call the Universal Fund, a kind of national, democratic, mega mutual fund. Every American over about Resident Capitalism: What sort of Universal Fund CAN OFFER Impact and Income to All eighteen would be entitled to a share and would participate in directing its talk about voting choices. Corporations and wealthy individuals would donate shares, bonds, cash, or other property to the finance just like they actually to other philanthropic ventures right now. The finance would pay out dividends to its citizen-shareholders that could develop as the finance grows.

The Universal Finance is undoubtedly a huge idea, nonetheless it can be eminently practical: it uses the tools of capitalism, not government, to provide all citizens a primary influence on corporate actions. It would be a major institutional trader beholden not to a small top notch group of stockholders pressing for short-term gain but to everyone. The finance would reward corporations that made sure their actions didn’t damage people, neighborhoods, and the surroundings, and it could enable them to invest in innovations that could take lots of months to pay off. Which can be another reason companies would donate to the finance—they could be freed from the continuous pressure to maximize their quarterly talk about price and would essentially end up being subsidized for doing good.

The authors demonstrate our current economic rules force corporations to be shortsighted as well as destructive because for some large investors, nothing issues but share price. The Universal Fund was created to be a powerful positive balancing push, making the world a better place and the United States a better country.