"The Film Capitalism Needs Right Now"
https://www.heartland.org/news-opinion/news/the-film-capitalism-needs-right-now
Arthur C. Brooks
Wikipedia
https://en.wikipedia.org/wiki/Arthur_C._Brooks
Arthur C. Brooks
Wikipedia
https://en.wikipedia.org/wiki/Arthur_C._Brooks
Alan: To my own satisfaction, it has long been clear that Capitalism works.
As a productive engine, Capitalism works better than any other economic system.
In fact, Capitalism not only works well, but too well.
Without "industrial strength" regulation, Capitalism will consume the planet through overproduction.
In 1930, while visiting the United States and Canada (on the occasion of receiving an honorary doctorate from the University of Notre Dame), G.K. Chesterton offered this brilliant analysis - indeed, a prophecy now coming true.
"The coming peril is the intellectual, educational, psychological and artistic overproduction, which, equally with economic overproduction, threatens the wellbeing of contemporary civilisation. People are inundated, blinded, deafened, and mentally paralysed by a flood of vulgar and tasteless externals, leaving them no time for leisure, thought, or creation from within themselves."
G. K. Chesterton Toronto, 1930
Without trying to pre-answer every criticism that will arise on "the left," I will spotlight a linchpin re-definition of "Capitalism" that separates the underlying wheat from the enveloping chaff.
Only by this separation can we taxonomize self-destructiveness "Capitalism" as a "different animal" from the use of capital for economic advancement from the bottom up.
Only by this separation can we taxonomize self-destructiveness "Capitalism" as a "different animal" from the use of capital for economic advancement from the bottom up.
At bedrock, it is the piggish use of capital to advance the essentially selfish ends of Cowboy Capitalism which, by its nature, is a loathesome beast.
In light of the crucial clarifications set forth in "The Pursuit," Capitalism's core question becomes: How do "we" control an unprecedentedly powerful behemoth whose most energetic proponents -- at least until now -- have been strong enough to resist meaningful "moderation-in-the-service-of-others" by arrogating to themselves a God-given right to unimpeded capitalist expansion, whose fruits go -- without question -- to porcine self-enrichment at the expense of "los de abajo."
The categorical distinction that distinguishes Toxic Capitalism from "mom and pop" capitalism call the former "Cowboy Capitalism" or "Unbridled Capitalism."
"Cowboy Capitalists" need a regulatory framework as effective as a horse's bit firmly inserted in a horse's mouth so that a "broken horse" can be ridden to controlled, purposive ends which prioritize "The Common Good," "The General Welfare," and a truly social "Social Contract."
Indian Slum and Capitalist Hotbed
"The Pursuit"
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