Title: Two-factor theory
Subtitle: the economics of reality; how to turn eighty million workers into capitalists on borrowed money, and other proposals
Description: A "MUST READ" book for all who are seriously concerned about the state of democracy and capitalism today, particularly in the US.
I read the book when it came out (over 30 years ago), but its messages are just as, if not more, important today. Kelso denounces the current economic system where a tiny percentage of the population holds most of the productive capital. He proposes a model whereby **only employees** of a private enterprise would own stock in the business. This would create a two-factor economy, where each person would earn its livelihood from two sources: hours worked (wages) and share of capitatl (company stock owned). This would 'liberate' most of us from having to work all of our life for wages only, while anonymous shareholders -who are not committed to the success of the businesses they 'own' without actually working for them - reap the immense benefit of being able to live off the sweat of others *while sipping their martinis as they keep track of their shares from their laptops or I-pods! (previewer's comment)* PLEASE NOTE that Kelso is not against capitalism and private enterprise...quite to the contrary, he is very respectful and committed to capitalism, he is just telling us that we have strayed away from it's original purpose. 
G. Chammah (geochum@gmail.com)
Subjects: Economic policy, Finance, Capitalism