Skip to main content
Default Image

The radical plan for taming capitalism: Give everyone a share of Wall Street

Corneo is part of a group of economists on the left who think they may have a better way, if not a substitute: Rather than taxing and redistributing income, the left’s traditional playbook, the government should slowly buy shares in public companies, becoming partial owners in the corporate world. […] “These plans are about redistributing the ownership of capital to workers, rather than just improving the wages of workers,” said Peter Gowan, a policy associate at the Democracy Collaborative, a left-leaning think tank, who also supports higher taxes on the rich.

Publication date: 2019-08-19
Parent publication: Washington Post
Publication URL: https://www.washingtonpost.com/us-policy/2019/08/20/radical-plan-taming-capitalism-give-everyone-share-wall-street/

More related work

March 19, 2020
Default Image

Protect the vulnerable, advance the democratic economy: Our statement on the COVID-19 crisis

We are in a period of breakdown, in which all that is wrong with the current system is now being laid bare. Rather than rebuild what we now clearly see should never have been, we must lead the construction out of this crisis of something new.

read more
March 18, 2020
Default Image

HAN Public Comments on Fair Housing Act Proposed Changes

The Healthcare Anchor Network submitted public comments to the Department of Housing and Urban Development (HUD), expressing our opposition to HUD’s proposed changes to the 2015 Affirmatively Furthering Fair Housing rule.

read more
March 17, 2020
An array of prescription medications on shelves

Online press briefing: Vaccines—The COVID-19 Case for Public Pharmaceutical Research and Development

Leading experts believe that it is the government’s responsibility to ensure widespread access to safe and effective vaccines that are developed with taxpayer money. In this virtual press briefing, hear why the U.S. government should develop and manufacture vaccines and other essential medicines so that we get the medicines we need, when we need them and at prices we can afford.

read more