Center for American Progress Report Cites Need for More Inclusive Capitalism

In a new report, the Center for American Progress discusses the idea of inclusive capitalism and how its proven track record has helped companies and employees grow wealth in the U.S. It also notes the necessity for greater dialogue among policy makers and ways to promote inclusive capitalism.

The Center for American Progress defines inclusive capitalism as “…granting workers ownership stakes in the company or a share of its profits based on workers’ collective performance…” The report names ESOPs as one of the effective financial incentives used to reward employees and generate wealth.

“When employees have stakes in the companies they work for, studies show that productivity and profitability increase, the companies experience less employee turnover, and jobs stay in the community,” said ESOP Association President, J. Michael Keeling. “We agree. Policy makers need to step up and encourage broad-based inclusive capitalism and increased employee ownership to ensure sustainable employment for U.S. workers.”

This new Center for American Progress report, Growing the Wealth: How Government Encourages Broad-Based Inclusive Capitalism, was authored by David Madland and Karla Walter. It was released on April 2, 2013. The report, and additional information, is available on the Center for American Progress’s website.

3 thoughts on “Center for American Progress Report Cites Need for More Inclusive Capitalism

  1. […] In 2013, the Center for American Progress released the report, Growing the Wealth: How Government Encourages Broad-Based Inclusive Capitalism, which also discussed the idea of inclusive capitalism. The 2013 report was authored by David Madland and Karla Walter. Ms. Walter, the Associate Director of the American Worker Project at the Center for American Progress, is a 2014-2015 Louis O. Kelso Fellow doing research in the employee ownership field. More info here. […]

  2. […] In 2013, the Center for American Progress released the report, Growing the Wealth: How Government Encourages Broad-Based Inclusive Capitalism, which also discussed the idea of inclusive capitalism. The 2013 report was authored by David Madland and Karla Walter. Ms. Walter, the Associate Director of the American Worker Project at the Center for American Progress, is a 2014-2015 Louis O. Kelso Fellow doing research in the employee ownership field. More info here. […]

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