Description
The author critiques the philosophy that holds that maximizing shareholder profits is the ultimate good, arguing that inequal distribution of wealth, corporate welfare, and industrial pollution are the symptoms of a sick economy. Reprint.
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Wealth inequity, corporate welfare, and industrial pollution are the symptoms of our sickened economy, Marjorie Kelly suggests. The underlying illness is shareholder primacy. In The Divine Right of Capital, she shows that the corporate drive to maximize shareholder profits at any cost is not only out of step with democratic and free-market principles, but is detrimental to the long-term health of individual companies and the economy as a whole. Kelly offers a far-reaching solution to rebuild corporations in a way that serves all.
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