Break the Political Gridlock!
FDR observed that there was nothing wrong with the free enterprise system except that we had not tried it yet. Unfortunately, we have yet to try it because of political gridlock. Market fundamentalists, generally Republicans, loudly oppose government involvement while lobbying for government privileges to speculate with borrowed money and concentrate wealth. Collectivists, generally Democrats, angered by this wealth concentration, lobby government to redistribute it in benefits. Each group sustains support by pointing out errors of their opposite.
Neither group focuses on eliminating impediments that prevent capitalism from generating more wealth and distributing it broadly, such as limiting easy bank credit for speculation that caused loss of jobs, wages, and pensions in disasters like Enron; activating the workers’ pension and 401 (k) savings by large tax-free dividends; and changing corporate accountability from short-term earnings to long-term growth.
Citizens can apply their democratic power to reform these government fiscal and monetary policies, and to assure that their money managers’ mission is not personal gain but, rather, maximum return for the workers.