19 November 1863, Gettysburg, Pennsylvania, USA But Lincoln had no such confidence. By his time, the idea that all men were created equal was a “proposition,” and Americans of his day were “engaged in a great civil war, testing whether that nation, or any nation so conceived and so dedicated, can long endure.” Standing near… Read More
Rediscovering Capitalism
Whether we call large tech companies that regulate and shape the stream of private business models that might use them capitalist free enterprise corporations or utilities, it is clear that they have the unregulated, unreviewed power to make decisions, much like the early Robber Barons, that shape the business models that reward their interests and kill business models that do not. Nor are there any clear remedies for enabling public interests or private companies to engage in inquiry about policy decisions by these companies that shape the way our economy, as well as our society, functions.
In the spirit of “asset stewardship”, it is time, as President Biden said, to encourage “the right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies.” .