Show Less
You do not have access to this content

Approaching Equality

What Can Be Done About Wealth Inequality?

Roger A. McCain

Drawing on some recent research (especially that of Piketty and his associates) and on older ideas (particularly from Sir Arthur Lewis), Roger McCain proposes policies that, together, would aim to reverse the observed tendency towards the concentration of wealth in market economies, thus ‘approach equality.’ The shortcomings and dangers of rising wealth inequality are discussed, both from the point of view of increasing instability and of equalitarian values.
Show Summary Details
You do not have access to this content

Chapter 9: Civilizing the corporation

What Can Be Done About Wealth Inequality?

Roger A. McCain

Extract

A corporation is a power structure. Power structures limit the freedom of some people and magnify, but direct, the power of others. Some trends in economic thought about corporations, from Adam Smith to the present, are sketched and then some alternatives to, and modifications of, the for-profit corporation are surveyed. For worker cooperatives, there is extensive evidence of overall success and some limitations. These are surveyed. Other forms discussed are ESOPs, worker participation in management, codetermination, not-for-profit enterprises, B-corporations, multi-stakeholder cooperatives, quangos, and community cooperatives. The transition from existing to modified forms of business organization is discussed.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.