Yes, Well said.
The problem is that the Democrats don't have a cohesive economic philosophy that would allow the President to stand on principal. If we are just "enlighten
ed" capitalism, then the Republicans will continue to get more power than they deserve, because progressive social programs, green jobs, and infrastructure investment are not an economic theory.
As Democrats, we need to wake up to the fact that the time has come to fire Capitalism as an ineffectual economic model (just as the Soviets fired Communism for being an ineffectual political model). I personally greatly admire Capitalism for leading us out of fascism, totalitarianism, and monarchy and building the modern economy, and there is a lot we should keep -- like the market economy and the celebration of individual creativity and hard work, but it lacks the complex design necessary for the challenges of today, much less tomorrow.
More importantly, advanced Capitalism is evolving into the very force of tyranny that it helped beat back in its earlier form.
We need "A New Ism" that will be capable of distributing the benefits of cooperation more fairly, works to decentralize power and place it back in local communities, has checks and balances on power, branches of governance, common pool resource management, and places accountable leadership at the center of its philosophy.
In the 1770's we imagined this nation as a people, not a person. Now is the time for an economy of the people, by the people, and for the people.
Read the Article at HuffingtonPost
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