When I invited Kelso to visit Australia in 1975 he kept pointing out that anybody could own productive assets provided they could obtain access to credit to finance them over their self-financing payback period. The Kelso solution was to establish a Federally sponsored credit insurance facility. What is required is decentralised banking created by establishing local ecological currencies. Ecological currencies would follow the laws of nature and have negative interest rates such as those that circulated in hundreds of US communities in the depression until they were made illegal by the New Deal. Refer to Irving Fishers' book Stamp Scrip published by Adelphi Press in 1933.
Ecological currencies are dynamic, time limited inclusive units of value.
In summary, to make the social systems of the world efficient, equitable and sustainable we need to adopt new rules for owning things and for creating money and credit as set out in the TOES book Building Sustainable Communities , refer to my web page. We need to change the existing system in all three dimensions to follow the process in nature so as to survive in harmony with nature.