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Ours: The Case for Universal Property
Paperback
EconomicsGeneral Political Science
Publisher Price: $22.95
ISBN13: 9781509544837
Publisher: Polity Pr
Published: Sep 7 2021
Pages: 140
Weight: 0.44
Height: 0.60 Width: 5.00 Depth: 7.70
Language: English
We think our wealth today comes from productive corporations and workers, but they merely add icing to a cake baked long ago. In this provocative book, Peter Barnes argues that most of today's wealth is co-inherited from nature and past human efforts, not individually earned. If some of that co-inherited wealth were placed in trust for each of us, living and yet-to-be born - creating what Barnes calls universal property - capitalism would be fundamentally transformed.
As Barnes notes, capitalism as we know it has two tragic flaws: it relentlessly widens inequality and destroys nature. Both flaws are a result of one-sided property rights that favor capital over everything else. Adding universal property to the current property mix would create a market economy in which businesses prosper, nature's limits are respected, and a large middle class thrives. This smart and concise book could set the agenda for a post-COVID world.
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