Reforming capitalism; an upgrade in theory from Adam Smith’s Wealth of Nations paradigm published in 1776, is long over-due. It should attack the over-concentration of wealth and power once more as Adam Smith’s paradigm did regarding the monopoly on free trade de facto by the aristocracy. Too much concentrated wealth and power gives de facto monopoly of trade and the channels of capital flow to the 1% aristocrats of the present era.
While reforming capital theory and its application in the world it would be a good idea to integrate the new paradigm with an implicit ecological economic structure that advances economic enterprises that are synergetic with recovery of the planet’s ecospheric health.
Garrison Gibson: books and blog 