Shared capital, defined as a broadly distributed pattern of rights over productive assets, can be a powerful instrument to address economic and social inequalities. We argue that initiatives to bring about shared capital can foster both redistribution and recognition, and thereby bring about more inclusive and peaceful societies. Based on experience, we suggest moreover that they are feasible and can be advanced by suitable policies and actions—at local, national, and global levels.

Si vis pacem, cole justitiam” – “If you desire peace, cultivate justice,” is the motto enshrined in the foundations of the International Labour Organization’s (ILO) building in Geneva, established in 1919. World War I, the Russian Revolution, and the fear of communism that followed, had convinced world leaders that, “universal and lasting peace can be established only if it is based upon social justice,” as they stated in the 1919 Versailles Treaty. Widespread injustice, inequalities, and exclusion were the enemies of peace. Many would argue they are no less relevant today.