The Stakeholder Society: A Rawlsian Interpretation

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In Bruce Ackerman and Anne Alstott’s The Stakeholder Society, a sweeping proposal is introduced to tackle what the authors view as a widening inequality of opportunity within a system that reinforces this disparity. They claim that these growing economic disparities are “profoundly shaping the future of the next generation,” and that, without intervention, long-held distinctly American tenets will disappear from the moral horizon. The authors’ proposed solution is a stakeholding program, whereby all adults upon reaching the age of twenty-one would be guaranteed a sum of eighty thousand dollars, to be spent as they see fit. While the initial goal of the plan is to address economic inequality through redistribution, the authors extend this hope, asserting, “Through stakeholding, Americans can win a renewed sense that they do indeed live in a land of equal opportunity, where all have a fair chance.” This speaks more to a revival of a common citizenship rather than a mere redistribution. This paper will evaluate the proposal of a stakeholder society from the perspective of John Rawls’s work, A Theory of Justice, where Rawls introduces his notion of justice as fairness as a means to determine the moral validity of society’s basic institutions. This paper will attempt to reflect that, while influenced by a Rawlsian ideology, there are certain key differences between the ideals espoused by Rawls and by the authors. Moreover, it will show that while the plan would indeed serve to address certain societal issues, an assessment of its feasibility will prove critical.

Prior to a discussion of the plan’s value, it is necessary to more completely flesh out a description of the proposal. Firstly, the plan would be funded by an annual two per...

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...own.” This point is furthered by the suggestion that the eighty thousand dollar stake would act as a tremendous motivator for children to invest in themselves by earning a high school diploma. Thus, while the proposal would not initially address the “moral arbitrariness” of the first generation’s starting points (from birth) subsequent generations would stand to greatly benefit from this proposal. In all, this plan, were it not for the improbabilities surrounding the political appeal of such a proposal, would go a long way to reduce the disparities in starting points between individuals, and hopefully provide for greater economic equality.

Works Cited
Rawls, John. A Theory of Justice, revised edition. Cambridge, MA: Harvard University Press, 1999.

Ackerman, Bruce and Anne Alstott. The Stakeholder Society. New Haven & London:

Yale University Press, 1999.

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