The Greatest Opportunity in Human History
After the failure of communism and socialism late in the 20th century, democratic and authoritarian countries alike were moving towards economic freedom. Companies freely competed at home and in world markets, supported by various levels of government and under various forms of worker ownership.
A new mode of production had emerged: workers were participating and sharing in improvement in a work culture of trust and cooperation that released their cognitive power a culture necessary in Information Age industries. Profit sharing, ownership plans, pension, and 401 (k) savings now made the worker a major source of capital, presumably ending the long domination by privileged capital. The European Union used economic freedom to unite people in common purpose and stop killing millions of their young men in stupid wars.
American government dedication to this opportunity was prevented by grid lock. On one side is ultra-capitalism that treats the worker as a disposable commodity and finance capitalism that dominates the economy instead of supporting it. On the other side is collectivism that seeks solutions in government redistribution while ignoring economic reform. Democratic capitalism uses the productive capacities of capitalism in a more participative way. These are the citizens’ choices.
- Ultra-capitalism is politically conservative, mainly Republican, and excessively individualistic. Collectivism is politically liberal, mainly Democrat, and excessively oriented to the group. Democracy and capitalism are in tension in both while they are in harmony in democratic capitalism.
- Ultra-capitalism’s mission of quick profits is amoral at best and frequently immoral. Collectivism is moral in theory. Democratic capitalism is inherently moral as it builds on the worth of each in an environment of trust and cooperation.
- Ultra-capitalism hurts the economy with lobbied privileges such as speculation with borrowed money. Collectivists hurt the economy because it frees what should be controlled, the deregulation of financial markets, and controls what should be freed, micromanagement of commerce. Democratic capitalism builds more wealth by involving and motivating the individual worker and by involving them in team spirit.
- Ultra-capitalism proclaims “free markets” and “free trade” and the same time they lobby for privileges, subsidies, and suspension of market disciplines. Collectivists’ tax and spend reputation is now shared with the Republicans. Democratic capitalists believe that if government adopted their philosophy and protocols in a results not rules environment they could shift government waste to productive use in education, infrastructure and environmental needs.