I certainly have a lot to say when it comes to the intersection of business and politics. In this space I will share with you my take on the happenings affecting South Florida, the country and the world. I look forward to hearing your feedback as well.
So…why the Progressive Capitalist?
Somehow, we have lost the “middle” in this country. It seems in our current economic crisis, you are either a free market investment banker who does not believe in regulation or a socialist. I promise I am neither. I also believe that the vast majority of Americans are neither as well.
If America is going to begin its economic recovery, our business community needs to accept that much needed regulation is approaching. They also need to recognize that investment products were created and securitized that were not understood or rated appropriately. Finally, the term “too big to fail” should be stricken from the lexicon. The public needs to welcome change.
Additionally, if we are going to return to economic growth, liberals need to recognize all bankers are not bad. Bankers, analysts and traders are needed to create products that will return liquidity to the system. Even more difficult to accept is that, eventually, successful bankers will need to be compensated generously for their efforts.
This country was built on entrepreneurial business. We need to stop trying to determine blame for our economic condition and work to optimize our recovery. Unfettered capitalism is as unrealistic an economic system as socialism. Common sense solutions will improve our capitalist society and better position us for the future.
Tags: economy, politics, progressive capitalist, real-estate
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I couldn’t agree with you more Matt. I am a mortgage broker and left-leaning centrist. The last years have been pretty unbelievable seeing such a broad shift to the right across this country in political philosophy.
The rise of screeching rhetoric to motivate voters to act against rational interest, most often their own is appalling. Its a boon to all to have rational government policies which promote a middle view which says that government’s no answer, but has a place in promoting fair playing fields and providing reasonable (and unsubsidized) insurance in vital sectors where private sector insurance is not viable.