Marjorie Kelly
Owning Our Future
The Emerging Ownership Revolution
Berrett-Koehler, 2012
What's inside?
âExtractiveâ owners take money out of firms and âgenerativeâ owners sustain value. Guess where the future is going.
Recommendation
Organizations have different values and viewpoints. Some are âextractive,â which means they drain the maximum financial value out of their coffers at all costs. Ownership strategy specialist Marjorie Kelly contends that the extractive nature of capitalism led to the 2008 recession because âfinancialized ownershipâ pushed the economic system beyond its tolerance. Some organizations, in contrast, are âgenerativeâ and base their structure on âsustainability, community and sufficiency.â Kellyâs impassioned arguments in favor of a generative, sustaining economy could strike some readers as pie in the sky, though she offers numerous real-life examples of global businesses pioneering fresh approaches to ownership. While never advocating any particular political point of view, getAbstract recommends her informed treatise to those pondering the economic future.
Summary
About the Author
Marjorie Kelly is a fellow at the Boston-based Tellus Institute and the director of ownership strategy at the consultancy Cutting Edge Capital.
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