Laissez-faire capitalism, which means corporate power unchecked by regulatory government, is running on empty. A dwindling elite sucks fumes of debt from a bankrupt middle class addicted to unsustainable consumerism, while our natural environment perishes.
Laissez-faire capitalism was based on lies, lies that gave us the 19th Century robber barons, the Great Depression, and Reaganomics’ short-lived but disastrous euphoria.
What were the lies? That enlightened self-interest can replace the ethic of community; that stock holders who invest only for money will sacrifice profit for worker and environmental safety; that private corporations will regulate themselves; that government is the enemy of …