Common Good Capitalism: A new economic model for growth to benefit business and society

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Asesh Sarkar

Common Good Capitalism

A new economic model for growth to benefit business and society

Asesh Sarkar

$54.95 $46.40

Hardback

Forthcoming
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English

Right Book Press
12 December 2024

Economic theory & philosophy; Monetary economics

In this ground-breaking book, Asesh Sarkar presents a visionary solution for the widening rift between everyday people and shareholders within contemporary capitalist systems and societies.

Sarkar compellingly argues that this gap – where economic growth is realised primarily through corporate profits and favours shareholders over the general population – is fuelling impoverishment and risking the potential for mass social unrest. Here he introduces an innovative approach that business leaders can leverage to make capitalism work for all.

Enter the Customer Co-ownership Economy – a revolutionary model where companies align capitalism with wealth distribution by allocating shares to customers, transforming them into vested 'co-owners' with a stake in the company’s success.

Drawing on robust economic reasoning, supported by academic research and insights, Sarkar champions this ownership structure as a win-win scenario. Businesses will enjoy heightened loyalty, goodwill and share of wallet, invaluable market insights to improve R&D, plus an engaged investor base that’s vital to growth and success. Customers will gain wealth through share ownership, regular dividends, financial literacy and a voice in corporate decisions.

Through vivid anecdotes and clear modelling, Sarkar artfully illustrates the transformative potential of the Co-owned concept, demonstrating its compelling commercial benefits for businesses, substantial wealth generation for households, and a profoundly positive impact on society.

Powerful in its simplicity and logic, by making a persuasive case for his 'capitalist cure' to recalibrate business and society, Sarkar provides an optimistic path for concerned business leaders and policymakers grappling with capitalism's flaws, promising a more equitable and prosperous future for all.

By: Asesh Sarkar
Imprint: Right Book Press
Country of Publication: United Kingdom
Dimensions: Height: 216mm, Width: 138mm,
ISBN: 9781915483577
ISBN 10: 1915483573
Pages: 176
Publication Date: 12 December 2024
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Forthcoming

Asesh Sarkar is a global thought leader in inclusive finance and capitalism. He has served as an advisor to the board of the Money and Pensions Service (MaPS), the arm’s length government advisory body; as the chair of MyBnk, the financial education charity for young people; and as the founder and CEO of Salary Finance, the employee financial health company. Under his leadership, Salary Finance grew from an initial idea to a global platform that supports the financial health of a community of more than 25m working people. Sarkar’s professional career began in management consulting where he rose to become the youngest partner in the financial services practice at PA Consulting. His educational background includes a degree in Computing and Business from Warwick University and guest speaker at Harvard Business School. As an executive, Sarkar has raised over a billion dollars in capital from leading global financial institutions for businesses driving social change through inclusive finance and capitalism models.

Reviews for Common Good Capitalism: A new economic model for growth to benefit business and society

'A breath of fresh air blowing through stagnant thinking about income and wealth disparity and the failures of capitalist societies.' Todd H. Baker – senior fellow, Columbia Business and Law Schools 'Transformative! A realistic and achievable win-win, offering a path to financial stability for millions.' Peter Heneghan – founder of The Future Communicator and former chief digital communicator to the UK government. 'This wonderful book sets out how capitalism can be reinvented to deliver hope, power and wealth to the many.' Jason Butler – columnist, Financial Times and personal finance expert.