There is very little argument that the world is facing severe environmental challenges. Ongoing air and water pollution, increasing energy consumption, and the depletion of natural resources have all placed considerable stress on the capacity of our environment to support the present quality of human life in a sustainable manner.

Looking around at the wreckage left in the wake of the world economy’s latest crisis, veteran business journalist Marjorie Kelly noticed that some institutions were left relatively unscathed. What did they have in common? The key, Kelly realized, is seemingly obscure: ownership. Prominent among the survivors were organizations that combined the flexibility of traditional private ownership with a focus on the common good.