Evidence that a fund accumulates assets does not by itself establish democratic control over its investment decisions.
- supports · chapter 5, pp. 75–76
Effective control concerns the practical capacity to direct how productive assets are used; legal title or a financial claim does not establish that capacity by itself.
- supports · chapter 5, pp. 75–76
A claim of social ownership should identify who holds legal title, who is entitled to benefit, who can govern the asset, and who receives its income or surplus.
- supports · chapter 5, pp. 74–77
Rights over the net income or surplus produced by an asset can be allocated separately from the effective capacity to direct how that asset is used.
- supports · chapter 5, pp. 75–76
Wright treats productive property as socially owned when members of an economically interdependent group collectively hold rights over its disposition and net income.
- supports · chapter 5, pp. 75–77