Tuesday, May 26, 2020

AEI Author Brooks Discussion Capitalism and Economic Recover

The video discusses our economic recovery. He is correct in that capitalism, when ran properly, is way more innovative than other forms of governance. It is also the best current governance mechanism to pull us out of this crisis. The motivation to create and invent leads to new products and market wealth generation. That doesn't mean that pure capitalism doesn't have problems with shared opportunities but those problems can be mitigated when road blocks are removed for all people to rise on the economic ladder based on their skills/abilities. This means that education, hard work, entrepreneurial spirit should be protected through our social values (core American principles) and our institutions (employment, education and law enforcement). When the true power of the American people is unleashed through enlightened leadership and modern economic and social policies there is nothing than can stop us.

No comments:

Post a Comment