The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods.
The tax on capital gains directly affects investment decisions the mobility and flow of risk capital... the ease or difficulty experienced by new ventures in obtaining capital and thereby the strength and potential for growth in the economy.
I think track is still one of the most exciting participant sports but we haven't been able to capitalize on that excitement through television and the print media.
If you allow for a purely capitalistic society without any type of regulation at all you will get one monopoly that will eat all of the smaller fish and own everything and then you'll have zero capitalism zero competition - it would just be one giant company.
But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world.
Economic progress in capitalist society means turmoil.
In hindsight it may even seem inevitable that a socialist society will starve when it runs out of capitalists.
I started out in engineering. I was a geophysical engineer. Throughout the course of my life I've done a lot of strange jobs and the effect has been to make me think a little more skeptically about our capitalist society.
We are not just here to manage capitalism but to change society and to define its finer values.
If capitalism is to remain a healthy vibrant economic system corporations must participate in taking care of the society and the environment in which they live.