Capitalism By And For The People with Jeff Gates

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Do you feel like you're working longer and longer hours and still have nothing to show for it? You're not alone - between 1970 and 1990, the average American began to work 163 more hours per year-an entire month-without appropriate compensation. The rich really are getting richer, the gap between the haves and have-nots really is widening at an ever increasing pace. Because we believe we live in a capitalistic society, we assume capitalism is inherently evil and just plain doesn't work. Jeff Gates rocks the foundation of this belief. "We need to get capitalism to do what it's supposed to do-create capitalists. It's great at financing capital - in 1998, over a trillion dollars worth of mergers and acquisitions were made and $845 billion dollars spent on the financing of new plants and equipment. But we never asked, who is going to own it?" Find out how you can use the properties of capitalism itself to help create a sustainable economic system that works for everyone - before the marketplace eventually collapses. (hosted by Michael Toms)


Lawyer, investment banker, political advisor, and consultant to government, corporate and union leaders worldwide, Gates has been called the "man who can save capitalism."

He is the author of:

  • The Ownership Solution: Toward a Shared Capitalism for the 21st Century (Addison-Wesley 1998)

Topics Explored in This Dialogue

  • What you can do in your own life to help make capitalism work for us all
  • Creative strategies to make our economic system more inclusive
  • What you can do to gain a personal stake in your job and your community
  • Yes, it is possible to redistribute the wealth-without socialism
  • Why utilizing cheap labor ultimately destroys the customer base of the corporation
  • Bringing ownership back into the capitalistic system
  • What is needed to sustain capitalism to the mutual benefit of all
  • How human values are completely disregarded in our current economic system
  • Can free enterprise really work?
Host: Michael Toms        Interview Date: 2/10/1999        Program Number: 2761