Louis O. Kelso & A.H. Raskin Air date : October 1983

Added: Mar 7, 2007

Duration: 58:5

Louis O. Kelso was a lawyer and economic thinker who sought to find a way to preserve capitalism from the competition of communism as an alternative within the context of the early Cold War. His non-conformist "capitalism" might be compared to the peoples' capitalism ideas of G. K. Chesterton in which ownership is distributed to as many people as possible within the economy. Kelso developed the idea of Binary Economics to explain the need for expanded capital ownership in light of industrial production and the dominance of capital instead of labor. In 1956 Louis Kelso invented the Employee Stock Ownership Plan (ESOP) to put his ideas into practice. In 1958 he collaborated with the philosopher Mortimer Adler to write The Capitalist Manifesto that is considered the primary source of his economic theories......A.H. Raskin As chief national labor correspondent and editorial board member of the New York Times for many years, A.H. Raskin has chronicled labor's battles over foreign affairs since World War II. He was also a consultant on international labor to the U.S. Department of Labor in 1977-78.

Channel: People

Tags: binary channer economics harold labor mnnnyc of plutocracy theoryu value

Rating: 5.00 (8 ratings) Views: 1286' favoriteCount='8 Comments: 6

ncurran1987 Says:

Jun 25, 2007 - These things are good. I like this guy louis kelso.

ncurran1987 Says:

Jun 25, 2007 - And the other guys good to. I don't think the interviewer is the best but he's not as bad as people think he is like. He just gets exciteable which is good I suppose like. He gets you pumped up if you like him.

ncurran1987 Says:

Sep 9, 2007 - Still good after two months. Im going to get some of his books now. And maybe a comment on this page from someone who isn't me.

Searle8 Says:

Oct 20, 2007 - Transfinancial Economics is the basis of Binary Economics...and indeed, all kinds of economic development... R.Searle

robocrane Says:

Nov 19, 2007 - Louis Kelso was a pioneer in promoting the concept of widespread ownership of capital assets, and devising the ESOP. Peoples' Capitalism is a more general and potentially more powerful plan for universal capitalism, where every citizen would have access to credit for the acquisition of capital assets. Check out the You Tube videos: "Toward a New World with Peoples' Capitalism" and "Peoples' Capitalism FAQ"

ROFLhugs Says:

Oct 13, 2008 - :o ................