Open Access BASE2016
Inequality, public wealth, and the federal shareholder
Abstract
Current trends in the distribution of wealth trigger a social divide and threaten democracy in many advanced economies. I propose to counter this evolution by enhancing the role of public capital as a redistribution and empowerment device. The governance of public capital requires two novel institutions: a socially responsible Sovereign Wealth Fund and a Federal Shareholder. This paper offers an account of their possible design and sources of financing.
Themen
Sprachen
Englisch
Verlag
Bonn: Institute for the Study of Labor (IZA)
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