The Unseen Revolution
eBook - PDF

The Unseen Revolution

How Pension Fund Socialism Came to America

  1. 224 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

The Unseen Revolution

How Pension Fund Socialism Came to America

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Table of contents
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About This Book

The Unseen Revolution: How Pension Fund Socialism Came to America covers the principles and concepts of the American pension fund socialism.
This book is composed of five chapters, and begins with the history and developments of pension fund socialism in the United States. The next chapter deals with the fundamental problems of economic structure, policy, and, as well as the problems of authority, legitimacy, and control of the so-called Social Security. The discussion then shifts to involved social institutions and issues, along with the political lessons and issues of pension fund socialism. The last chapter considers the American politics realignments and readjustments.

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Yes, you can access The Unseen Revolution by Peter F. Drucker in PDF and/or ePUB format, as well as other popular books in Politics & International Relations & Human Rights. We have over one million books available in our catalogue for you to explore.
1.
The 
Revolution 
No 
One 
Noticed 
The 
Attainment 
of 
Pension 
Fund 
Socialism 
If 
"socialism" 
is 
defined 
as 
"ownership 
of 
the 
means 
of 
production 
by 
the 
workers"—and 
this 
is 
both 
the 
orthodox 
and 
the 
only 
rigorous 
definition—then 
the 
United 
States 
is 
the 
first 
truly 
"Socialist" 
country. 
Through 
their 
pension 
funds, 
employees 
of 
American 
business 
today 
own 
at 
least 
25 
percent 
of 
its 
equity 
capital, 
which 
is 
more 
than 
enough 
for 
control. 
The 
pension 
funds 
of 
the 
self-employed, 
of 
the 
public 
employees, 
and 
of 
school 
and 
college 
teachers 
own 
at 
least 
another 
10 
per-
cent, 
giving 
the 
workers 
of 
America 
ownership 
of 
more 
than 
one-third 
of 
the 
equity 
capital 
of 
American 
business. 
Within 
another 
ten 
years 
the 
pension 
funds 
will 
inevitably 
increase 
their 
holdings, 
and 
by 
1985 
(probably 
sooner), 
they 
will 
own 
at 
least 
50—if 
not 
60—percent 
of 
equity 
capital. 
Ten 
years 
later, 
or 
well 
before 
the 
turn 
of 
the 
cen-
tury, 
their 
holding 
should 
exceed 
around 
two-thirds 
of 
the 
equity 
capital 
(that 
is, 
the 
common 
shares) 
plus 
a 
major 
portion—perhaps 
40 
percent—of 
the 
debt 
capital 
(bonds, 

Table of contents

  1. Front Cover
  2. The Unseen Revolution: How Pension Fund Socialism Came to America
  3. Copyright Page
  4. Table of Contents
  5. Chapter 1. The Revolution No One Noticed
  6. Chapter 2. Pension Fund Socialism: The Problems of Success
  7. Chapter 3. Social Institutions and Social Issues Under Pension Fund Socialism
  8. Chapter 4. The Political Lessons and Political Issues of Pension Fund Socialism
  9. Chapter 5. New Alignments in American Politics
  10. Index