On June 25, 2013, Alex Newman writes in The New American:
Under the “benefit-corporation” agenda, companies would no longer be just responsible for producing shareholder profits. Instead, a firm that becomes a benefit corporation would also have to pursue other goals that appear noble at first glance — sustainability, social justice, environmentalism, social responsibility, and other alleged “public benefits.” Apparently, creating jobs for workers and profits for shareholders, as well as goods and services that consumers want to purchase, is no longer enough.
What they should do is create an Ownership Culture whereby ALL FUTURE economic growth via productive capital expansion is financed using pure credit, interest-free capital loans that are repaid out of the FUTURE earnings generated by the investments. In this manner, society can significantly broaden private, individual ownership of wealth-creating productive capital and enable EVERY man, woman and child to earn dividend income through capital ownership rather than be dependent SOLELY on wages and salaries from jobs and taxpayer-supported government welfare.
The reason for income inequality is that productive capital, whose ownership is concentrated among the minority of wealthy Americans, has increasingly been the factor that has contributed to the production of society’s products and services. No longer is labor dominant as a factor of production. Conventional economists fail to acknowledge this economic reality and thus fails to see that to obtain a just economic structure requires that FUTURE productive capital investment be financed with pure, interest-free credit mechanisms, private capital insurance that is reinsured by government, with the 99 percent, who are now propertyless, owning the FUTURE shares of productive capital assets. Thus, without taking anything from the already wealthy ownership class, they would be entitled to the FUTURE full dividend income generated by the self-financing productive capital asset expansion. This is the concept behind Capital Homesteading. Support the Capital Homestead Act at http://www.cesj.org/homestead/index.htm and http://www.cesj.org/homestead/summary-cha.htm
