While “the status quo isn’t nearly good enough, and we still have a long way to go,” the poor performance related to the economy’s growth is no surprise. “The fact remains that we’re slowly crawling out of a ditch, and taking money out of the economy and ignoring high unemployment may very well push us backwards.” The real focus should be on creating private individual ownership opportunities in productive capital intensive growth companies among employees and non-employees. What is needed is leadership to reform the tax system and the Federal Reserve Bank system to create policies and programs to broaden ownership of productive capital simultaneously with the growth of the economy. We should be striving for 10 to 15 percent annual growth rates at a minimum. To achieve this will require serious investment in new productive capital formation. The goal would be to broaden the ownership of private corporations so as to make the interests of private industry more synonymous with the public interest and vice versa––while broadening private enterprise capitalism to include everyone in the society. Such policies and programs aimed at broadening productive capital ownership would foster extensive utilization of the most modern and efficient technological innovations and result in the revitalization of American free-enterprise capitalism mirrored in a strong growth-projected economy.
http://www.latimes.com/business/money/la-fi-mo-economy-jobs-20120309,0,4509373.story
