{"id":27948,"date":"2023-08-16T13:57:03","date_gmt":"2023-08-16T20:57:03","guid":{"rendered":"https:\/\/occupysf.net\/?p=27948"},"modified":"2023-08-16T13:57:05","modified_gmt":"2023-08-16T20:57:05","slug":"book-wealth-supremacy-how-the-extractive-economy-and-the-biased-rules-of-capitalism-drive-todays-crises","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2023\/08\/16\/book-wealth-supremacy-how-the-extractive-economy-and-the-biased-rules-of-capitalism-drive-todays-crises\/","title":{"rendered":"Book:  &#8220;Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today&#8217;s Crises&#8221;"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/images-na.ssl-images-amazon.com\/images\/S\/compressed.photo.goodreads.com\/books\/1685602267i\/169751926.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<h1 class=\"wp-block-heading\">Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today&#8217;s Crises<\/h1>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.goodreads.com\/author\/show\/88068.Marjorie_Kelly\">Marjorie Kelly<\/a>,\u00a0<a href=\"https:\/\/www.goodreads.com\/author\/show\/14001487.Edgar_Villanueva\">Edgar Villanueva\u00a0(Foreword)<\/a><\/h3>\n\n\n\n<p>This powerful analysis explains how the bias toward wealth that is woven into the very fabric of American capitalism is damaging people, the economy, and the planet and explores what the foundations of a new economy could be.<br><br>This bold manifesto exposes seven myths underlying wealth supremacy\u2014the 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<br><br>The Myth of Maximizing \u2014No amount of wealth is ever enough.<br>The Myth of Fiduciary Duty \u2014Corporate managers&#8217; most sacred duty is to expand capital.<br>The Myth of Corporate Governance \u2014Corporate membership must be reserved for capital alone.<br>The Myth of the Income Statement \u2014Income to capital must always be increased, while income to labor must always be decreased.<br>The Myth of Materiality \u2014Profit\u2014that is, material gain-alone is real, while social and environmental damages are not.<br>The Myth of Takings \u2014The first duty of government must be the protection of private property.<br>The Myth of the Free Market \u2014There should be no limits on the sphere of influence of corporations and capital.<br><br>Kelly argues instead for the democratization of public ownership of vital services, worker-owned businesses, and more. And she sketches the outlines of a nonextractive capitalism that would be subordinate to the public interest. This is an ambitious reimagining of the very foundations of our economy and society.<\/p>\n\n\n\n<p>(Goodreads.com)<\/p>\n\n\n\n<p>(Contributed by Gwyllm Llwydd)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today&#8217;s Crises Marjorie Kelly,\u00a0Edgar Villanueva\u00a0(Foreword) This powerful analysis explains how the bias toward wealth that is woven into the very fabric of American capitalism is damaging people, the economy, and the planet and explores what the foundations&#8230; <a class=\"continue-reading-link\" href=\"https:\/\/occupysf.net\/index.php\/2023\/08\/16\/book-wealth-supremacy-how-the-extractive-economy-and-the-biased-rules-of-capitalism-drive-todays-crises\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/27948"}],"collection":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/comments?post=27948"}],"version-history":[{"count":1,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/27948\/revisions"}],"predecessor-version":[{"id":27949,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/27948\/revisions\/27949"}],"wp:attachment":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=27948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=27948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=27948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}