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DESCRIPTION:For our April meeting we will be reading  Wealth Supremacy: How the 
 Extractive Economy and the Biased Rules of Capitalism Drive Today’s 
 Crises, by Marjorie Kelly (Amazon, Penguin)\n\n“This bold manifesto 
 exposes seven myths underlying wealth supremacy, the bias that 
 institutionalizes infinite extraction of wealth by and for the wealthy, and 
 is the hidden force behind economic injustice, the climate crisis, and so 
 many other problems of our day:\n\n\n\n 	\n\n 	The Myth of Maximizing: No 
 amount of wealth is ever enough.\n 	The Myth of Fiduciary Duty: Corporate 
 managers’ most sacred duty is to expand capital.\n 	The Myth of Corporate 
 Governance: Corporate membership must be reserved for capital alone.\n 	The 
 Myth of the Income Statement: Income to capital must always be increased, 
 while income to labor must always be decreased.\n 	The Myth of Materiality: 
 Profit—material gain—alone is real, while social and environmental 
 damages are not.\n 	The Myth of Takings: The first duty of government must 
 be the protection of private property.\n 	The Myth of the Free Market: 
 There should be no limits on the field of action of corporations and 
 capital.\n\n\n\n\n\nKelly argues instead for the democratization of 
 ownership: public ownership of vital services, worker-owned businesses, and 
 more. And she sketches the outlines of a non-extractive capitalism that 
 would be subordinate to the public interest. This is an ambitious 
 reimagining of the very foundations of our economy and society..”\nStrike 
 Debt Bay Area hosts this non-technical book group discussion monthly on new 
 and radical economic thinking. Previous readings have included (in 
 chronological order) Doughnut Economics, Limits, Banking on the 
 People, Capital and Its Discontents, How to Be an Anti-Capitalist in the 
 21st Century, The Deficit Myth,  Revenge Capitalism, the Edge of Chaos 
 blog symposium , Re-enchanting the World: Feminism and the Politics of the 
 Commons, The Optimist’s Telescope, Mission Economy: A Moonshot Guide to 
 Changing Capitalism, Exploring Degrowth, The Origin of 
 Wealth, Mine!, The Dawn of Everything  A History of the World in Seven 
 Cheap Things, Beyond Money, Less is More,  Cannibal 
 Capitalism,  Debt, the First 5000 Years , Poverty, By America, End 
 Times, Jackson Rising Redux , The Feminist Subversion of the Economy and 
 How Infrastructure Works, Inside the Systems that Shape our World.\n 
 https://www.indybay.org/newsitems/2024/03/10/18864072.php
SUMMARY:Strike Debt Bay Area Book Group: Wealth Supremacy
LOCATION:Email strike.debt.bay.area@gmail.com a few days beforehand for the online 
 invite.\n\n
URL:https://www.indybay.org/newsitems/2024/03/10/18864072.php
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