Summary
Capitalism may have taken over the bulk of the modern world, writes highly regarded government and industry consultant Jeff Gates, but in its current incarnation it has created such dramatic inequities of wealth and power that more individuals than ever now feel detached from its inherent benefits and distrustful of its potential goals. In his revolutionary new book, The Ownership Solution: Toward a Shared Capitalism for the 21st Century, Gates outlines a wide-ranging plan to reverse this increasingly universal condition–and the result is a specific blueprint that, he argues, could easily be adopted around the globe. After bluntly describing precisely how things got to be the way they are, he straightforwardly explains how they could be reengineered to provide broad-based prosperity and true security for the disenfranchised in the U.S. and elsewhere (such as Europe, China, Latin America, and South Africa). Based on the premise that ‘contemporary capitalism is not designed to create capitalists, but to finance capital,’ Gates shows how today’s ‘institutionalized indifference to the common good’ might be reversed by public and private effort so that people and communities can regain control over their fates and subsequently work together for everyone’s improved economic vitality.