Capitalism 3.0: Appendix
Published: September 28, 2007, 8:10 pm
Updated: September 28, 2007, 8:10 pm
This article has been reviewed by the following Topic Editor:
Robert Costanza Key Features of Corporate, State, and Commons Sectors |
| | Corporations | State | Commons |
Key functions
| making things; seeking short-term profit
| Defining, assigning, balancing rights
| Sharing gifts and preserving them for future generations
|
Key institutions
| Corporations; labor unions
| Legislature, Executive, Judiciary
| Ecosystem trusts, permanent funds, open access commons, intergenerational pacts, community commons
|
Key human actors
| Directors
| Politicians
| Trustees
|
Accountable to
| Share owners
| Voters (donors)
| Future generations, living citizens equally, nonhuman species, communities
|
| Algorithms | Maximize profit; distribute earnings to existing shareholders | Win most votes (raise most money)
| Preserve asset; live off income, not principle; the more beneficiaries the better |
Time horizon
| Next quarter
| Next election
| Next generation
|
Ownership regime
| One dollar, one share
| One person, one vote (one dollar, one vote)
| One person, one share
|
Transferable ownership
| Yes
| Voting rights: No
Property: Yes | Beneficial rights: No
Usage rights: Yes |
From each according to...
To each according to... | Voluntary Purchases Share ownership | Taxes Political Power | Voluntary usage Equal ownership |
| Items in parentheses are de facto, not written in law. |
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Citation
Peter Barnes (Lead Author);Robert Costanza (Topic Editor) "Capitalism 3.0: Appendix". In: Encyclopedia of Earth. Eds. Cutler J. Cleveland (Washington, D.C.: Environmental Information Coalition, National Council for Science and the Environment). [First published in the Encyclopedia of Earth September 28, 2007; Last revised Date September 28, 2007; Retrieved May 19, 2013 <http://www.eoearth.org/article/Capitalism_3.0:_Appendix>
The Author
Peter Barnes is an entrepreneur and writer who has founded and led several successful companies. At present he is a senior fellow at the Tomales Bay Institute in Point Reyes Station, California. Barnes grew up in New York City and earned a B.A. in history from Harvard and an M.A. in government from Georgetown. He began his career as a reporter on The Lowell Sun (Massachusetts), and was subsequently a Washington correspondent for Newsweek and west coast correspondent for The New Republic. In 197 ... (Full Bio)
Key Features of Corporate, State, and Commons Sectors |
| | Corporations | State | Commons |
Key functions
| making things; seeking short-term profit
| Defining, assigning, balancing rights
| Sharing gifts and preserving them for future generations
|
Key institutions
| Corporations; labor unions
| Legislature, Executive, Judiciary
| Ecosystem trusts, permanent funds, open access commons, intergenerational pacts, community commons
|
Key human actors
| Directors
| Politicians
| Trustees
|
Accountable to
| Share owners
| Voters (donors)
| Future generations, living citizens equally, nonhuman species, communities
|
| Algorithms | Maximize profit; distribute earnings to existing shareholders | Win most votes (raise most money)
| Preserve asset; live off income, not principle; the more beneficiaries the better |
Time horizon
| Next quarter
| Next election
| Next generation
|
Ownership regime
| One dollar, one share
| One person, one vote (one dollar, one vote)
| One person, one share
|
Transferable ownership
| Yes
| Voting rights: No
Property: Yes | Beneficial rights: No
Usage rights: Yes |
From each according to...
To each according to... | Voluntary Purchases Share ownership | Taxes Political Power | Voluntary usage Equal ownership |
| Items in parentheses are de facto, not written in law. |
Are you absolutely sure you want to delete this article? This process cannot be undone and is permanent.
Yes, Delete This Article
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