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The Divine Right of Capital: Dethroning the Corporate Aristocracyby Marjorie Kelly
Synopses & Reviews
Wealth inequity, corporate welfare, and industrial pollution are the symptoms of our sickened economy, Marjorie Kelly suggests. The underlying illness is shareholder primacy. In The Divine Right of Capital, she shows that the corporate drive to maximize shareholder profits at any cost is not only out of step with democratic and free-market principles, but is detrimental to the long-term health of individual companies and the economy as a whole. Kelly offers a far-reaching solution to rebuild corporations in a way that serves all.
In this text, Marjorie Kelly proposes that corporations are built on six aristocratic principles which work in the interests of wealth-holders and against those of employees. She shows how to use democratic principles to build a new corporate order that serves the many rather than the few.
In this radical critique of the corporate economy--newly updated with information on Enron and other business scandals--the cofounder and editor of ""Business Ethics"" questions the legitimacy of a system that gives the wealthy few disproportionate power over the many.
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Business » Accounting and Finance