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Democratizing Wealth And A Sustainable Future (Demo)

Democratizing Wealth and a Sustainable Future
(Gar Alperovitz Q&A with Dr. Norman G. Kurland)
[Time Tag @ 46:42 – 56:35]
http://youtu.be/L6XkxHFtLto?t=46m42s

Published by the New American Foundation

Published on May 23, 2013

Democratizing Wealth and a Sustainable Future
A Conversation with Gar Alperovitz

Perspective within the New Economy Movement

Never before have so many Americans been more frustrated with our economic system, more fearful that it is failing, or more open to fresh ideas about a new one. In his new book, Gar Alperovitz presents a case for democratizing wealth as a foundation for a new and sustainable economy. He describes what it means to build a new system to replace the crumbling one, and offers specific policy ideas for how we might begin the process by starting with a transformation of the banking industry and health care sector. The paradox of this process is that the policies and institutions most capable of managing a large-scale and powerful economy are the ones that can strengthen communities in diverse ways.

PARTICIPANTS

Gar Alperovitz (http://www.garalperovitz.com/)
Professor, University of Maryland
Founding Principal, The Democracy Collaborative
Author, What then Must We Do? Democratizing Wealth and Building a Community-Sustaining Economy from the Ground Up

Reid Cramer
Director, Asset Building Program, New America Foundation

Norman Kurland of the Center for Economic and Social Justice (www.cesj.org) and Gar Alperovitz are two giant thinkers exploring a new economic paradigm about much of which they largely agree. Missing from the discussion has been the main point critical to the integrity of its architecture and the main point on which they disagree. That is, collective ownership (Alperovitz) versus broad-based individual ownership (Kurland) of the productive capital means of production in the FUTURE.

Go to “minute 49” of the video to see Norm’s questions and Gar’s responses.

Note: The intro, in his last book “Democracy and Economic Power” [copyright 1986, 1991] Louis O. Kelso said:
“This book, Democracy and Economic Power: Extending the ESOP Revolution, deals with the ESOP aspect of investment banking; an aspect that, by analogy to Aristotle’s description of medicine and agriculture as cooperative art, identifies ESOP investment banking as a cooperative art, targeted both at financing capital requirements for enterprises, and at enlarging the natural job-oriented earning power of employees with capital-sourced earning power; ultimately, providing them with lifetime capital-worker employment.”

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