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The Education of a Democratic Capitalist
Second course: The Way to Peace and Plenty
This second course presents hypotheses in a logical structure, that
is, the first hypothesis must be validated before the second one can
be addressed, and so on with the succeeding hypotheses.
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Hypothesis #1: Affirmation of
Marx’s axiom that social progress depends on movement to a
superior economic system. The persistent failure of reformers to
act on this axiom has resulted in the failure to place culture
and political structure in support of economic freedom, in turn
resulting in continued folly and violence.
Hypothesis #2: Definition of
democratic capitalism as the superior economic system.
Hypothesis #3: Affirmation of
economic freedom as a potentially universal system because it
has demonstrated its capacity to improve lives under both
democratic and authoritarian governments.
Hypothesis #4: Indictment of the
domination by ultra-capitalism that causes the world’s economy
to function at a fraction of its potential.
Hypothesis # 5: Indictment of
government privileges that have resulted in a banking system
that favors the few and does not control currency and credit for
the general welfare.
Hypothesis #6: Indictment of the
political gridlock in the United States between those who
support ultra-capitalism and those who do not use their
democratic power to reform fiscal, monetary, and regulatory
policies but waste it, instead, on micro-intrusions into free
markets.
Hypothesis #7: Indictment of the
faulty truth-seeking process that has caused the gridlock.
Presentation of the process of Aristotle and Francis Bacon that
could unify scholarly disciplines, bridge the managers and
thinkers, and find common ground for the secular and religious.
Hypothesis # 8: Identification of
an agent of change: universities with their responsibility to
educate citizens and train leaders and rediscover their
obligation to unify and elevate.
Hypothesis # 9: Identification of
an agent of change: institutional investors with the democratic
power and fiduciary obligation to replace ultra-capitalism with
democratic capitalism.
Hypothesis # 10: Presentation of
the ideal: plenty, based on a rising standard of living and a
sense of economic common purpose, provides the
opportunity for peace when the United Nations, with the United
States of America in a cooperative role, displaces violence
among nations through the rule of law.
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