“Thus older forms of wealth were replaced by new forms.”

Source: The Greening of America (1970), Chapter V :, Anatomy Of The Corporate State, p. 107
Context: Organizations are not really "owned" by anyone. What formerly constituted ownership was split up into stockholders' rights to share in profits, management's power to set policy, employees' right to status and security, government's right to regulate. Thus older forms of wealth were replaced by new forms.

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Charles A. Reich 55
American lawyer 1928–2019

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