Capitalism 3.0: Appendix
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
Barnes, Peter (Lead Author); Robert Costanza (Topic Editor). 2007. "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). [Published in the Encyclopedia of Earth September 28, 2007; Retrieved July 20, 2008]. <http://www.eoearth.org/article/Capitalism_3.0:_Appendix>