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Butlers, Bakers, and Capitalists?

The communist revolution that spanned the nineteenth and twentieth centuries was about concentrating government ownership of capital. Then, in the closing decades of the twentieth century, a counter-revolution swept the world, pushing for just the opposite: disperse capital as widely as possible by getting everybody involved as owners.

Now the counter-revolution is being carried to its logical extreme: if everyone can be an owner, then everyone can be a capitalist, down to the barber, the waiter, and the trash collector. A specter is haunting us again; this time it is the dream of truly democratizing capitalism.