by Ted Wachtel Democratic capitalism finds itself facing an ominous challenge. Will democracies throughout the world truly represent all their citizens, or will they continue to favor the wealthy and powerful minority, who can influence elections and government regulations to their own benefit? Will free market capitalism share its gains in productivity with everyone…or not? […]
by Ted Wachtel The Spirit of 1776 —The Twin Pillars of Democratic Capitalism “Governments are instituted among Men, deriving their just powers from the consent of the governed…” Jefferson’s final draft of the Declaration of Independence, published on July 4, 1776, proposed an ideal of democracy that did not exist anywhere in the world, and […]
Corrupt governance corrupts the free market. The free market, after all, is simply a democratic decision-making mechanism, in which people vote with their money. Their collective purchases, sales and investments influence what is produced, how much of it and how much it costs. In a New Reality, consumers have a choice of what kind of corporate ethics and values they want to support with their patronage.
“While non-profit corporations must be just as businesslike as their profit-making counterparts, they have different motives and behaviors than for-profit corporations.”
The Green Bay Packer football team will never leave town, because it’s the only professional team owned by its fans—a prototype for a new reality in major league sports. To learn more, watch the video below or read the text version.