THE 3rd WAY

THE 3rd WAY

Building Inclusive Capitalism through Employee Ownership

Capitalism works, but is not fair. Socialism is fair in theory, but does not work. Here is the solution. A bipartisan path to reduce income inequality by expanding employee ownership and shared capitalism.

THE 3rd WAY Book Cover

Why THE 3rd WAY Matters

A proven, practical alternative to both concentrated capitalism and failed state-dominated systems.

The Problem

Current “Concentrated Capitalism” is producing extreme income inequality. Technology has shifted economic power from labor to capital, yet most workers remain disconnected from ownership of the wealth they help create.

The Solution

Expand employee ownership (ESOPs and similar plans) so that workers share in the capital and profits of the companies they work for. Make tax incentives conditional on broad-based equity sharing.

Everyone Wins

Employees gain wealth-building equity. Companies gain motivated workers and tax advantages. Society gains a stronger middle class, lower social costs, and reduced risk of unrest.

Ownership Changes Everything

From the Founding Fathers to today’s most successful companies, broad-based ownership has always been part of the American idea.

The Authors

A Democrat and a Republican who found common ground on the most important economic issue of our time.

Veny W. Musum

Veny W. Musum

Business Leader & Real Estate Investor

Former Senior Vice President at John Paul Mitchell Systems and COO of Musum Company & Sons. Successful real estate and equity investor who has seen firsthand the power of ownership. Long-time participant in New Jersey civic life and student of Deming’s quality principles.

Upendra Chivukula

Upendra Chivukula

Former New Jersey Assemblyman & Deputy Speaker

The first and only South Asian representative in the history of the New Jersey Legislature. Served six consecutive terms and later as Commissioner of the N.J. Board of Public Utilities. Electrical engineer, author of nearly fifty laws, and long-time advocate for practical economic solutions.

Featured Voices

Historic and contemporary leaders on the power of employee ownership.

President Ronald Reagan

“I can’t help but believe that in the future we’ll see… an increasing trend toward the next logical step – EMPLOYEE OWNERSHIP.”

Senator Bernard Sanders

“Instead of being a cog in a machine, workers who have decision making power over their jobs come to work with a sense of satisfaction…”

Joseph Blasi, PhD – Talks at Google

Author of The Citizen’s Share on putting ownership back into democracy and the evidence for shared capitalism.

Organizations Advancing Employee Ownership

Leading institutions and advocates working to expand shared capitalism across America.

National Center for Employee Ownership
ESOP Association
The Kelso Institute
Ohio Employee Ownership Center
Vermont Employee Ownership Center
Beyster Institute – Rady School
ESCA
The Citizen’s Share

Get the Book

Available in print from Amazon and ThriftBooks.

Read the Elevator Statement

A concise overview of the core proposals in THE 3rd WAY – tax policy, lending incentives, and the path to inclusive capitalism.

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THE 3rd WAY