05/31/2018 (Thu) 19:10:41
I would like to remind everyone with a simple fact: all human created systems have their own loopholes and flaws. This is why economies all over the world, whether it be capitalist, socialist or communist typically fall. Corruption and abuse of authority is a massive problem throughout the history of mankind is not easily avoided.
I believe free market capitalism works better than most other economic systems. It has proven itself to outlast all others. However, it is not a perfect system. Greed is human nature, such as addiction. Both equally corrupt those in power - including governments!
What we need is to have a limited yet fierce and transparent government apply a limited but strict set of rules to maintain equality in the free market so that (1) conglomerates [corporations] cannot monopolize or consolidate and (2) politicians and government officials cannot be bribed, lobbied or influenced without facing sever punishments for any lobbyists and officials involved. This would solve the problems we have with greed, addiction, corruption and subversion. This would also FORCE corporations to compete with one another - rather than trying to buy one another off merging into monopoly as we sadly see today.
America could do this too. We have the constitution on our side but we have no laws outlawing bribery or political lobbying. I say we need such laws, and we also need to start using the anti-trust laws we already have in place. The government is corrupted so most officials would need to be purged and patriots would have to replace a lot of positions. We would need to set term limits for politicians and again, completely BAN any type of bribery/lobbying making it an act of treason. If we did this, we could restore free market capitalism (which we no longer have today).