Now our scenario changes from “good-guy capitalism” to something else. Our farmer removes one plow horse from the field and tethers it near his door, solely for his children’s pleasure. Productivity slips with only one horse left in the field.
How does this relate to American corporate capitalism in the 21st Century? Of course our world has become profoundly more complex, even as the plow horse removed from the field—tethered by the farmer’s door—illustrates a powerful new reality. Today, many entrepreneurs are becoming the hypothetical “changed” farmer, expanding wealth holdings without contributing to the common good.
Next: Pseudo-capitalism
~ Jim Sawyer
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