Presenting "Democratic Capitalism: A Socio-Economic System For The World "

[Rev. Bill McGinnis]

Keywords: Democratic Capitalism Democracy Free Markets Government
Practical Regulation Social Justice Public Interest Common Interest
Total Happiness Of Mankind Democratic Capitalism Model Socio-Economic
System For The World


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Democratic Capitalism: A Socio-Economic System For The World
www.DemocraticCapitalism.org


By Rev. Bill McGinnis, Director - LoveAllPeople.org
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Rev. October 14, 2011

NOTE: More revisions and expansions coming soon!

WELCOME TO THE INSTITUTE FOR DEMOCRATIC CAPITALISM:
Presenting "Democratic Capitalism: A Socio-Economic System For The
World."
"Democratic Capitalism" is the practical fusion of Capitalism and
Democracy, in which the free market productive benefits of Capitalism
are merged with the social justice benefits of Democracy, resulting in
"the greatest good for the greatest number, with basic rights for
all."
In the USA, this fusion has grown up within a social/cultural
environment of common shared values, including: belief in certain
human rights, among which are life, liberty, and the pursuit of
happiness; belief in the political equality of all citizens; the right
to own private property, including real estate; the right to enter
into contracts; various other rights of personal freedom, including
freedom of speech, freedom of religion, and freedom of association;
and recognition of a Divine Being, who created mankind for His own
purposes and Who gave all of these rights to man, for the benefit of
mankind.

Without these shared values -- or something very similar to them -- it
would be unreasonable to expect that Democratic Capitalism could
succeed.

For more about Democracy, please see http://www.google.com/search?source=ig&hl=en
&rlz=&q=democracy&btnG=Google+Search

For more about Capitalism, please see http://www.google.com/search?source=ig&hl
=en&rlz=&q=capitalism&btnG=Google+Search

ORIGIN AND HISTORY OF THE SHARED VALUES IN THE USA

Capitalism and Democracy are compatible, as long as the Capitalists
are regulated carefully by the Democratically-elected Government so
that the Public interest is best served.


GOVERNMENT REGULATION IS A GOOD THING, A NECESSARY THING, TO KEEP
CORPORATIONS ON A LEASH, NOT RUNNING LOOSE IN PUBLIC, UNRESTRAINED BY
ANYTHING IN THEIR PERPETUAL QUEST FOR MAXIMUM PROFITS. THIS IS WHAT
GOVERNMENT IS FOR!
The inherent tensions between Capitalism and Democracy are not new. We
have faced them before, about a hundred years ago, and we resolved
them then, largely under leadership of President Theodore Roosevelt.
But now they have re-emerged in new forms, under the permissive, look-
the-other-way eye of the Republican party's Anti-regulation
extremists, who have tipped the balance too far to the right, in favor
of the unrestrained free-market Capitalists.
President Theodore Roosevelt wrote these words almost a hundred years
ago, They applied then, and they still apply today.


"I hold that a corporation does ill if it seeks profit in restricting
production and then by extorting high prices from the community by
reason of the scarcity of the product; through adulterating, lyingly
advertising, or over-driving the help; or replacing men workers with
children; or by rebates; or in any illegal or improper manner driving
competitors out of its way; or seeking to achieve monopoly by illegal
or unethical treatment of its competitors, or in any shape or way
offending against the moral law either in connection with the public
or with its employees or with its rivals. Any corporation which seeks
its profit in such fashion is acting badly. It is, in fact, a
conspiracy against the public welfare which the Government should use
all its powers to suppress.

"If, on the other hand, a corporation seeks profit solely by
increasing its products through eliminating waste, improving its
processes, utilizing its by-products, installing better machines,
raising wages in the effort to secure more efficient help, introducing
the principle of coöperation and mutual benefit, dealing fairly with
labor unions, setting its face against the underpayment of women and
the employment of children; in a word, treating the public fairly and
its rivals fairly: then such a corporation is behaving well. It is an
instrumentality of civilization operating to promote abundance by
cheapening the cost of living so as to improve conditions everywhere
throughout the whole community."
Source: Autobiography of Theodore Roosevelt



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Blessings to you. May God help us all.
Rev. Bill McGinnis, Director - LoveAllPeople.org



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