Capitalism results in too great a gap between a small wealthy class and a large and ever growing poor. Also, capitalism thrives on ever growing materialism, which promotes shallow values and environmental degradation.
Socialism doesn't work because it rewards the lazy and incompetent while punishing the hard-working and capable.
Of course, many countries use a hybrid of the two but I believe there's a need for a new approach. Here's my proposal for one. I call it simplism. It requires educating the public about three things:
1. the wisdom of our buying personal services rather than non-essential products. Our lives benefit more from such services as a tutor for our kids, assistant for ourselves, or a companion for our elders than from buying jewelry, new cars every few years, expensive vacations, big houses, etc.
Of course, if the public were to be less materialistic, many jobs creating and distributing those material goods would be lost, disproportionately to low-skill/low motivation workers. So for Simplism to work, I believe the government would need to create taxpayer-funded jobs for those unable to hold a private sector job. These jobs might include, under supervision, building housing, assisting in classrooms, cleaning up blighted neighborhoods, etc.
3. the importance of learning to be an entrepreneur, to run your own business. That:
- avoids your needing to be a wage slave, paid as little as the employer can get away with.
- provides greater job security than if employed by others.
- brings to the public better, faster, or less expensive products and services, thereby improving all of our lives.
- creates new jobs.
I welcome your reactions.