by Christopher Mackin
[This article first appeared in The New Republic and is reprinted here by permission of the author.]
The most fundamental tragedy of the coronavirus crisis ...
by Karla Walter
[Editor’s note: The Washington think tank Center for American Progress (CAP) recently released a report advocating extensive state ...
By John Case
[The following article was written for a general readership–people who are apt to be unfamiliar with ESOPs. We are reprinting it here because the history and issues it discusses are relevant to the future of employee ownership.]
On November 27, 1973, 46 years ago this month, Louis Kelso and Senator Russell Long, along with two aides, had dinner together in the Montpelier Room of the Madison Hotel in Washington, D.C. By ...
by Jared Kaplan
Andrew Carnegie observed that the way to make money is to “put all your eggs in one basket, and watch that basket.” This strategy is embedded in the investment policy of all ESOPs: they are required by law to invest ...
by John Case
The 2020 Democratic field now teems with proposals to mitigate rampaging wealth and income inequality, from Kamala Harris’s plan to increase tax credits for low- and moderate-income families to Elizabeth Warren’s wealth tax. Such plans overlook, however, the principal set of relations that skew American capitalism upward: the ownership and operational control of business enterprises.
[This article is available from The New Republic. To ...
By Christopher Mackin
(This article appeared originally in the Financial Times. It is reprinted here by permission of the author.)
Sovereign wealth funds, with a combined $8tn in assets, are in the news. China Investment Corporation recently teamed up with France’s largest bank to create a €1bn-plus fund to back European companies. Norway’s oil fund cut back its investment in oil and gas stocks, and Abu Dhabi’s Mubadala set up a tech hub ...
