Is Capitalism, In Its Current Form, Flawed And Why?

Georges van Hoegaerden
Georges van Hoegaerden
Founder, Author, and Managing Director of methodEVA.

Yes, and we can do better than subjugate capitalism to oligarchic freedom, unable to spawn a dynamic meritocracy to serve all of mankind.

Capitalism subjugated to oligarchic freedom does not spawn a dynamic meritocracy needed for humanity to evolve to the best of its ability. And so, from an evolutionary standpoint, our current implementation of capitalism is exclusive and thus flawed.

It is so oligarchic in its distribution that still today, 5 million kids on our planet die every year before the age of 5. If you dare consider that merely an overcrowding issue in some other land far away, consider also that a quarter of all children in the U.S. now grow up in poverty (with 15.8% in extreme poverty) with long-term mental deficiencies as the nasty accelerant of even more poverty.

Now, that bleak picture ought not to distract from the false supposition that our current version of capitalism is our best attempt at it, far from it. For capitalism to add value to evolution, we must subjugate it to the unleashing of freedom, with principles that invite the diversity of ingenuity regardless of their origin and are evaluated based solely on the merit of their evolutionary value. We can build such a system of capitalism quite easily.

To close by abusing a quote from the Pixar movie Ratatouille: “Not everyone can be an entrepreneur, but an entrepreneur can come from anywhere.”

The sign of an intelligent nation is its willingness and ability to reinvent itself, upstream. Let’s inspire the world with new rigors of excellence we first and successfully apply to ourselves.

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