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Public Capital in the 21st Century

Corneo, G. (2014) “Public Capital in the 21st Century“, Friedrich Ebert Stiftung, Freie Uni Berlin & Social Europe Journal, Research Essay No.2, Νοέμβριος.

 

The increase of income and wealth concentration threatens the European project of a good society. Capital taxation alone cannot stop this process, but a combination of moderately higher capital taxes and a novel role of public capital will do. The governance of public capital requires carefully designed institutions: a sovereign wealth fund and a special public investment agency called Federal Shareholder.

 

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