Summary of Seven Fixes for American Capitalism

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In the United States, mainstream economic views are giving way to more radical ideas that move the needle away from the middle toward the left or right. Whether they are proposals by liberals for guaranteed jobs, or libertarian efforts to loosen patent and licensing restrictions, these ideas are slowly gaining ground instead of getting buried by skeptics. In a topical report that will interest policy experts, executives and voters, Bloomberg Businessweek journalists posit that Americans are likely to hear more nontraditional views from politicians seeking to distinguish their public messages from the business-as-usual crowd. 

About the Authors

Peter Coy et al. are journalists with Bloomberg Businessweek.

 

Summary

Some longheld tenets of economics are losing their relevance in the United States, as Republicans and Democrats move away from mainstream views toward more radical positions. As the clock ticks down to the 2020 presidential elections, debate over how to adjust capitalism for the future is likely to intensify. Look for these seven major areas to emerge as launching points for discussion:

  1. “Antitrust pivot” – Critics believe antitrust laws are outdated, and they blame rampant industry consolidation and monopolies for growing inequality. Democratic Senator Elizabeth Warren...

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