Incongruence: Capitalism & Democracy

A story in the New York Times today by David Leonhardt leads with this headline: "American Capitalism Isn’t Working" and "Not so long ago, corporate leaders understood they had a stake in the country’s prosperity."

Leonhardt quoted the former CEO or Benton & Bowles, a statement he made in 1944, "Today victory is our purpose,' Benton wrote. 'Tomorrow our goal will be jobs, peacetime production, high living standards, and opportunity."

"That goal, he wrote, depended on American businesses accepting 'necessary and appropriate government regulation,' as well as labor unions. It depended on companies not earning their profits 'at the expense of the welfare of the community.' It depended on rising wages."

https://nyti.ms/2DXFPP2?smid=nytcore-ios-share

In my book, Regenerating America with Sustainable Economics by James A. George and James A. Rodger (c)2107 Archway Publishing, I join economist Dr. Jonhn Ikerd in making the case that capitalism, as we know it, is unsustainable. Needed is an economic model that balances economic, social, and environmental responsibility. That message is lost on the deaf ears of President Trump and his Republican followers. They are takers, not makers of a vibrant economy.

Read my book to get the complete story.

Capitalism is the antithesis of democracy that is socially and environmentally responsible.