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Why Working But Poor? The Need For Inclusive Capitalism, Robert Ashford
Why Working But Poor? The Need For Inclusive Capitalism, Robert Ashford
Akron Law Review
This Article addresses two questions: (1) What other solutions beyond those already tried can and should be employed to reduce poverty? and (2) What can legal scholars, lawyers, law schools, legal clinics, and law students do to reduce poverty? The answer to the first question is to establish an “inclusive capitalism” by democratizing “capital acquisition with the earnings of capital” based on the principles of binary economics. This democratization requires extending to poor and middleclass people competitive access to the same governmentsupported institutions of corporate finance, banking, insurance, reinsurance, and favorable tax and monetary policies that are presently available primarily …