David Ellerman, Economic Advisor, Development Economics for the World Bank, has propounded his residual claimancy theory regarding the allocation of property rights, and has made his new book available in the COG library. Shann Turnbull, Australian investment banker and employee ownership theorist and practitioner, has provided numerous articles to the COG library and been an active discussant, propounding models for companies governed by stakeholders where investor rights are time limited and devolve to those who continue to create wealth for the company. This is a new discussion and not reported in this version of Ownership for All. Thomas Brandt, an economic development employee of the State of Hawaii provided an essay on his dream for Hawaii, and has proposed many tax, income and social security based ideas on broadening ownership. In addition to the initial discussions launched by the COG staff, participants have begun moderating a number of other discussion groups.
Participants are welcome to organize working groups around a variety of topics.
We hope this anthology will help people developing ownership programs, showing the breadth of the existing options, best practices and pitfalls to avoid. The factual assumptions underlying this analysis of globalization s effects come from several recent books that outline the problem and some of the policy and action alternatives COG is seeking to actualize. Some of these ideas also derive from the work of Louis Kelso and his followers. Social wage meaning laws and policies which protect workers rights to minimum wages, safe working conditions, against child and slave labor, the right to organize unions and community environmental standards.