Louis O. Kelso

The Capitalist Manifesto by Louis O. Kelso is a comprehensive guide to the principles of capitalism and how they can be applied to create a more just and equitable society. Drawing on his extensive experience as a lawyer, economist, and social philosopher, Kelso argues that capitalism is the only economic system that can provide widespread prosperity and opportunity for all.The book begins by examining the basic principles of capitalism, including private property, free markets, and the profit motive. Kelso then explores how these principles can be used to create a more democratic and participatory economy, where workers have a stake in the ownership and management of their workplaces.Throughout the book, Kelso emphasizes the importance of broad-based ownership and access to capital as a means of promoting economic democracy and reducing inequality. He also offers practical solutions for implementing these ideas, including the creation of employee stock ownership plans (ESOPs) and other forms of worker ownership.Overall, The Capitalist Manifesto is a thought-provoking and insightful exploration of the potential of capitalism to create a more just and equitable society. It is a must-read for anyone interested in economics, politics, or social justice.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

Why do the rich get richer and the poor stay poor? How can we privatize publicly owned capital facilities so that employees and users own the stock? How can unions win "more" for their members without rendering American employees uncompetitive? What steps can the government take to make every American economically independent? With detailed insight and provocative analysis, Democracy and Economic Power answers these questions and many more like them. In their popular book Two-Factor Theory, the Kelsos first introduced the Employee Stock Ownership Plan (ESOP) and began the process that enabled some 10 million employees to become stockholders. Democracy and Economic Power presents their economic, political, and financial blueprint for extending ESOPs to millions more Americans. With ESOPs they, too, can buy and pay for income-earning capital out of capital's own earnings instead of labor income. Democracy and Economic Power is a must read for anyone concerned about the fate of individuals and the future of democratic institutions in our rapidly automating world. Originally published by Ballinger Publishing in 1986. Co-published with the Institute for the Study of Economic Systems.