CAPITALISM: An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
CORPORATISM: The organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction.
By definition, Capitalism and Corporatism do not appear to be alternatives. It might be better to say that Corporatism has altered Capitalism by reducing competition in a free market.
“Instead, they (our founding fathers) intended for us to enjoy a capitalist system where true competition and the free enterprise system would allow individuals and small businesses to thrive.” If our founding fathers really believed that an individual could could compete with a business, they did not understand economics.
Do we really want to return to family farms and home cottage industries? This would require a reduction of the US population and a lower standard of living.
Most large corporations are owned by shareholders. The problems with corporations center around shareholders.
Like uneducated voters that keep electing the same criminals and fools, many shareholders have remained silent while corporate executives have obtained more and more power and wealth from the rightful owners of corporations (shareholders).
Shareholders that are too lazy to get educated or exercise their rights get what they deserve.
The majority of voting shares need to be held by non executives and employees. In this case, non executives and employees would have some control over compensation and offshore operations.
Corporate executives and OWS (or some other organization) are going to implement the above changes the easy way or the hard way.
