• Canadian employee ownership,  Capitalism and Employee Ownership,  Employee Ownership Trust,  EOTs,  ESOPs in Canada,  income equality,  Wealth gap

    Capitalism at the Crossroads

    There are two types of Capitalism – Corporate Capitalism and Peoples’ Capitalism. The Oxford Dictionary defines Capitalism as an economic and political system in which a country’s trade and industry are controlled by private owners for profit. The key word in this definition is private and for profit. Corporate Capitalism focuses entirely on profits while Peoples’ Capitalism puts equal weights to the word private ownership by people and profits. This is a major difference between the two types. Corporate Capitalism has led to huge wealth gaps between the top 1% of the populations and the remaining 99%. In Canada, the top 1% of families hold nearly a quarter of the nation’s…