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Capitalism 3.0: Appendix

Capitalism 3.0: Appendix

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.

 

 



This is a chapter from Capitalism 3.0: A Guide to Reclaiming the Commons (e-book).
Previous: Chapter 10. What You Can Do  |  Table of Contents  |  Next: Web Resource Guide


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 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)

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