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People‐ized ownership patterns: the key to a smarter capitalism
Author(s) -
Gates Jeff
Publication year - 1999
Publication title -
systems research and behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 1092-7026
DOI - 10.1002/(sici)1099-1743(199909/10)16:5<437::aid-sres341>3.0.co;2-p
Subject(s) - capitalism , capital (architecture) , sustainability , property (philosophy) , market economy , free enterprise , social capital , business , economic system , property rights , economics , political economy , political science , law , politics , microeconomics , ecology , philosophy , archaeology , epistemology , biology , history
With the end of the Cold War, private property free enterprise has emerged as the dominant economic model, its hallmark the rapid spread of capital markets worldwide. Institutionalized capital is fast becoming the dominant means by which that capital is held. This detached form of capitalism has combined with concentrated personal ownership to create a form of free enterprise that is often insensitive to the concerns of people and communities whose lives its operations affect. The result is to endanger sustainability across five overlapping domains: fiscal, constitutional, civil, social and environmental. Today's dumbed‐down capitalism requires a policy environment capable of fostering ownership patterns that include a component of people‐ized, localized and human‐sized ownership. Copyright © 1999 John Wiley & Sons, Ltd.