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Owning Our Future: The Emerging Ownership Revolution Paperback – June 4, 2012
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—Bill McKibben, author of Deep Economy
“This book is not only brilliant but also tremendously important. It’s one of those rare books that opens our eyes to the fact that something we’ve taken for granted is actually intrinsically destructive and can be replaced by alternative, healthier forms of organization. I found it exhilarating.”
—Fritjof Capra, physicist and author of The Tao of Physics and The Hidden Connections
“As a serial entrepreneur who’s started three traditional shareholder-owned businesses, I know from experience what’s wrong with that model. The future belongs to the alternative forms of ownership Kelly writes about. This is a book the world desperately needs.”
—Jeffrey Hollender, cofounder and former CEO, Seventh Generation
About the Author
Foreword Author David Korten is an author, president and founder of the People-Centered Development Forum, and board member of the Business Alliance for Local Living Economies (BALLE). He is an associate of the International Forum on Globalization and a member of the Club of Rome. Some of his bestselling titles include The Great Turning and When Corporations Rule the World. He is a regular guest on talk radio and television and a popular speaker at conferences around the world.
Top Customer Reviews
Marjorie Kelly, in this important, brilliant and compelling book illuminates in her own inimitable, story telling way that all can understand, not only how we got into the financial and environmental messes we are still mired in but also how we can get out of them and how it's the system itself that is at fault and must be changed not just a few bad apples we seek to blame.
In spite of what we are told, Kelly says there is an alternative (to capitalism or socialism). She shows us that already existing generative ownership companies not only survived but many thrived during the economic meltdown caused by the extractive system.
Briefly, we the people as well as the creation itself are suffering from the cancer of our current capitalist or dominator ownership system which Kelly labels an extractive ownership system, the sole purpose of which is to extract as much wealth (=maximize corporate profits) as possible from our labor and the environment at the least possible risk (=deregulation) and least cost to itself (=lowest possible wage for us) as quickly as possible (=short term thinking and strategies). Every one else (that`s us), the environment and the future be damned. The sub prime mortgage shenanigans, the root of our current economic problems, are a classic example of the way the extractive systems create boom and bust cycles.
Kelly's solution is the generative ownership model in which everyone has an ownership stake, shares in the profits (which will not be excessive as they now frequently are) and takes responsibility not only for themselves but also their brothers and sisters world wide and the very creation itself, our environment.Read more ›
I've been a fan of Marjorie Kelly since her 2001 classic, "The Divine Right of Capital." This is a brilliant sequel. It eloquently reminds us that getting ownership right is the key to solving our most pressing economic and environmental problems.
Ownership, Kelly explains, is what undergirds our economic system and tells it what to do. Right now our dominant ownership structure is the publicly traded corporation. The people who manage these corporations aren't evil; they simply do what their ownership structure requires them to do: maximize short-term return to absentee owners. The larger consequences of this behavior -- destruction of nature and community and concentration of wealth at the top -- follow inexorably from the requirements of this ownership structure. More government regulation won't sufficiently change that. If we want different outcomes, we need different ownership structures.
What such structures could look like is the thread that runs through this book. Kelly walks us through a rich diversity of alternatives: employee-owned businesses, resident-owned trailer parks, mutually-owned banks, community-owned windmills, trust-owned conservation easements, and more. Each story is interesting in its own right. Together they depict a genuine wealth-building economy that's waiting to be built.
Kelly's personal journey is interesting. For years she wrote about efforts to make corporations more "socially responsible." This book began in the same vein. In the process of writing it, however, she realized this approach was off-target.Read more ›
I'm happy to report that, after spending the subsequent decade continuing to explore key issues raised in her first book, Kelly has followed up with another very readable and important book, which I devoured in 2 days, making notes and underlining along the way.
Building solidly on foundations laid in her first book, "Owning our Future" sheds new and important light on the emerging "generative" ownership models that can take us beyond the increasingly obvious and painful dysfunction of the over-financialized "extractive" economy that not too long ago brought us to the brink of global economic collapse.
Presented from multiple and complementary perspectives, the book's narrative threads blend easily together into a clear, compelling and insight-filled drama/analysis that speaks to both the mind and the heart. One of the book's subtitles is "Journeys to a Generative Economy," and you really do get a sense reading it that you're traveling through a new frontier with Kelly, who reminds me of an explorer mapping and charting new terrain, to the benefit of those eager to move beyond the extractive economy, but not sure how to proceed, or where it will lead.Read more ›
Most Recent Customer Reviews
One of the best reads I've had in a long time. Kelly gives a language to understanding the attributes of enterprises that build generative economies, and helps us distinguish the... Read morePublished 17 months ago by Kevin Edberg
This is an excellent way to think about the way movements, like Occupy, could proceed, beyond simply occupying space. Read morePublished 17 months ago by Steve Blumberg
Critical analysis for anyone who is fed up with our out-of-control economy.Published 18 months ago by S. Reed
As a new business woman, I am always looking for guidance. this book helped me better understand how to OWN my business, not just run it. Read morePublished 19 months ago by Robena D. Robinett
This book taught me new things about our world and help me see capitalism differently. It is just the beginning of what I hope will lead to a change in my approach to life and... Read morePublished 20 months ago by Guy Dolor
I highly recommend this book as it puts forward a completely transformative framework for a new economy based on social ownership and community building.Published 23 months ago by nancy goldner
It was like going through a college class but without the nonsensical academic abstractions. Herein we can find the patterns, the guideposts,, that lead us along the way to... Read morePublished on July 21, 2014 by Jason T. Weden
Great second book from Marjorie Kelly! This book could open up so many eyes, so many activists are trying to do the best thing for people, but unfortunately are wasting their time... Read morePublished on July 6, 2014 by Alan Polk