REFORMING CAPITALISM

This will be short. Most of us agree we are better off with capitalism than Socialism. Some of us think we need more socialistic reforms to narrow the wealth distribution inequality. But that is another subject. We need universal health care, a minimum wage increase, progressive income taxation, and programs to restore the middle class. 

The old Reagan Republican party got its way. Do away with antitrust enforcement and let the free market reign. And now we have behemoth companies beholden to their shareholders above all else, not the customers, the company itself, the community, or the workers. Cost cutting trumps customer service. Have you found a live service representative lately?

There is no Reagan Republican party anymore. Authoritarianism has naturally evolved from Reagan's trajectory. We teeter on losing it all to fascism and a theocracy. Most of us don't want that.

We have no stomach for the reformation of capitalism. We need but will not get the reintroduction of antitrust laws and the breakup of the gargantuan grist mills. To say nothing of making stock buybacks criminal. So what can we do? Recognize and teach the truth of entrepreneurship. Find and mentor leaders in the big companies to break off and form their own firms. Impossible? The time is right. Think it through. We are riding a wave of "freelancing" and layoffs from faceless, feckless firms. Capital is plentiful. Customers are yearning for service. The talented leaders are frustrated with the state of the bureaucracies inhibiting them.

Yes, the new entrepreneurism  (and reform of capitalism) comes from leaders willing to take on the difficult task of taking a business segment away. Impossible noncompetition agreements? Most are not worth the paper they are written on. The wild card is the American people. We support the underdog. This could become a societal, if not a cultural revolution.

A spark can ignite a flame.

P. S.

https://wspriggs2.blogspot.com/2023/12/american-devolution.html