C is for Capitalism part 2

A repost of a great answer:

“How about simply renouncing our ideological insistence upon neo-con economic absolutes, especially the idea that the ultimate economic structure is the mega-monopoly. Stop the government subsidy of these “to-big-to-fail” monstrosities that kill cultures, the environment, export jobs and drive down wages. Do that and small, localized business’s natural advantages such as knowing the locals and reduced transport and advertising will put the dinosaurs out of business. Support the public sector where it makes sense, such as in health care and education. Support an expanded non-profit sector including the arts. Support NEW structures such as cooperatively owned institutions that are nearly impossible under current law simply because they are not ideologically pure, not because they’re impractical. And finally, where necessary, we can allow corporations, such as with an auto industry. But they should be regulated. And finally: educate! Show people that the external stuff they buy does not make their lives “meaningful.”
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Ironically, what I just described, while we’d call it a “Mixed economy” today, would just about match what Adam Smith would have called “capitalism.” Go figure.”

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