{"product_id":"wealth-supremacy-how-the-extractive-economy-and-the-biased-rules-of-capitalism-drive-todays-crises","title":"Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today's Crises","description":"\u003cb\u003eA powerful analysis of how the bias towards wealth that is woven into the very fabric of American capitalism is damaging people, the economy, and the planet, and what the foundations of a new economy could be.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eThis bold manifesto exposes seven myths underlying wealth supremacy, the bias that institutionalizes infinite extraction of wealth by and for the wealthy, and is the hidden force behind economic injustice, the climate crisis, and so many other problems of our day: \u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThe Myth of Maximizing: No amount of wealth is ever enough.\u003c\/li\u003e\n\u003cli\u003eThe Myth of Fiduciary Duty: Corporate managers' most sacred duty is to expand capital.\u003c\/li\u003e\n\u003cli\u003eThe Myth of Corporate Governance: Corporate membership must be reserved for capital alone.\u003c\/li\u003e\n\u003cli\u003eThe Myth of the Income Statement: Income to capital must always be increased, while income to labor must always be decreased.\u003c\/li\u003e\n\u003cli\u003eThe Myth of Materiality: Profit--material gain--alone is real, while social and environmental damages are not.\u003c\/li\u003e\n\u003cli\u003eThe Myth of Takings: The first duty of government must be the protection of private property.\u003c\/li\u003e\n\u003cli\u003eThe Myth of the Free Market: There should be no limits on the field of action of corporations and capital.\u003c\/li\u003e\n\u003c\/ul\u003e\u003cbr\u003eKelly argues instead for the democratization of ownership: public ownership of vital services, worker-owned businesses, and more. And she sketches the outlines of a non-extractive capitalism that would be subordinate to the public interest. This is an ambitious reimagining of the very foundations of our economy and society.\r","brand":"Marjorie Kelly, Edgar Villanueva","offers":[{"title":"Paperback","offer_id":44441385697516,"sku":"9781523004775","price":22.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0684\/1791\/3068\/files\/9781523004775.jpg?v=1720074778","url":"https:\/\/allstora.com\/products\/wealth-supremacy-how-the-extractive-economy-and-the-biased-rules-of-capitalism-drive-todays-crises","provider":"Allstora","version":"1.0","type":"link"}