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Owning Our Future
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Owning Our Future

The Emerging Ownership Revolution

Marjorie Kelly
Berrett-Koehler, 2012

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Editorial Rating

8

Recommendation

Organizations have different values and viewpoints. Some are “extractive,” 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 “financialized ownership” pushed the economic system beyond its tolerance. Some organizations, in contrast, are “generative” and base their structure on “sustainability, community and sufficiency.” Kelly’s 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.

Take-Aways

  • Ownership is the critical but rarely discussed “underlying architecture” of any economy.
  • Society should move toward “generative” forms of ownership that nurture life, rather than “extractive” forms that benefit the few at the expense of the many.
  • Capitalism’s extractive design promotes uncapped growth and the “pursuit of maximum financial wealth.”

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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