Share Power

How ordinary people can change the way that capitalism works – and make money too

by Merryn Somerset Webb

  • Published: 20 Jan 2022
  • Price: £9.99
  • Format: Hardback
  • Extent: 162p
  • ISBN: 9781780725192
  • Buy it now from Amazon.co.uk
  • Buy it now from Waterstones

“Brimming with energy and hugely convincing – capitalism rescued in one short book.” – Justin Webb, Journalist and Presenter of BBC Radio 4’s Today programme

“Merryn Somerset Webb combines deep knowledge of investment with accessibility, wit and an occasional swipe of the scalpel – she is incapable of writing a dull sentence.” – Martin Vander Weyer, Business Editor of The Spectator

“A lively and persuasive case for genuine shareholder democracy to make businesses properly accountable.” – Mervyn King, former Governor of the Bank of England

“This book not only asks and answers one of the most pressing questions of the day, it makes the solution seem achievable. If everyone read it, we might start making progress.” – Caroline Law, Editor-in-Chief of The Week

 * * * * * *

Should companies care about climate change? Should they be vanquishing the gender pay gap? Should they be advancing human rights in their supply chains? And if we think they should – can we, as ordinary people, bring about these sorts of changes?

The answer is, technically, yes. In the UK, the majority of us now own shares in listed companies – whether that be through a stocks and shares ISA, a self-invested portfolio or a workplace pension scheme. What few people know is that every share comes with a vote in company decisions, over everything from executive pay to corporate strategy. The technology exists to allow us to vote – all we need to do is learn how to use it.

In Share Power, Merryn Somerset Webb, Editor-in-Chief of MoneyWeek, takes us deep into the world of corporate capitalism – from the privatisation of state-owned companies in the 1980s to the financial crash of 2008 and the growth of the modern multinational – to show us how capitalism went wrong and how, with six simple recommendations, every one of us now has the power to make it work for us.

“This book is a lively, lucid, bracing and brilliantly forthright love letter to everyone who believes in the principles of democratic capitalism. It should be essential material for anyone who has a pension or investment account, or is a student of economics – and is a must-read challenge for the City of London and corporate leaders today.”
Gillian Tett, Financial Times Columnist and Author of Anthro-vision
“How should we ‘reform’ capitalism? Merryn Somerset Webb, one of our best financial journalists, is a powerful and persuasive advocate of ‘shareholder democracy’. With 11 million people owning shares, directly or indirectly, she argues it’s time for the individual owners of Corporate UK to assert their rights and empower themselves. Her manifesto explains how this can be done and capitalism transformed.”
Norman Lamont, former Chancellor of the Exchequer
“Merryn Somerset Webb makes a convincing case for public markets and greater shareholder democracy, shifting the balance of power from asset managers back to individual equity owners. A blueprint for reimagining capitalism in the post-Covid era.”
Lionel Barber, Author and former Editor of the Financial Times

About Merryn Somerset Webb

Merryn Somerset Webb is Editor-in-Chief of MoneyWeek, the UK’s best-selling financial magazine, as well as a Contributing Editor and weekly columnist at the Financial Times. Somerset Webb is also a non-executive director of several UK listed investment trusts and a regular media commentator and speaker on all things financial. She lives in Edinburgh.