Capitalism 3.0: Appendix

Published: September 28, 2007, 8:10 pm

Topics:

Key Features of Corporate, State, and Commons Sectors
	Corporations	State	Commons
Key functions	making things; seeking short-term profit	Defining, assigning, balancing rights	Sharing gifts and preserving them for future generations
Key institutions	Corporations; labor unions	Legislature, Executive, Judiciary	Ecosystem trusts, permanent funds, open access commons, intergenerational pacts, community commons
Key human actors	Directors	Politicians	Trustees
Accountable to	Share owners	Voters (donors)	Future generations, living citizens equally, nonhuman species, communities
Algorithms	Maximize profit; distribute earnings to existing shareholders	Win most votes (raise most money)	Preserve asset; live off income, not principle; the more beneficiaries the better
Time horizon	Next quarter	Next election	Next generation
Ownership regime	One dollar, one share	One person, one vote (one dollar, one vote)	One person, one share
Transferable ownership	Yes	Voting rights: No Property: Yes	Beneficial rights: No Usage rights: Yes
From each according to... To each according to...	Voluntary Purchases Share ownership	Taxes Political Power	Voluntary usage Equal ownership
Items in parentheses are de facto, not written in law.

This is a chapter from Capitalism 3.0: A Guide to Reclaiming the Commons (e-book).
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Capitalism 3.0: Appendix (Environmental Law & Policy)