Yes, we should be building FUTURE wealth-creating productive capital embodied in “factories.” But at the same time it is essential that we finance this growth in ways to create new capitalist owners. If we not, then the insufficiency of labor worker earnings will inhibit growth because people will not be able to purchase increasingly capital-produced products and services, and result in further long-term unemployment and despair for increasing majorities of people.
Such a new paradigm is the subject of the Agenda of The Just Third Way Movement at http://foreconomicjustice.org/?p=5797 and is founded on the concept of Monetary Justice (http://capitalhomestead.org/page/monetary-justice).
A Petition to reform the Federal Reserve to provide capital credit to ALL Americans can be supported at http://signon.org/sign/amend-the-federal-reserve.fb27?source=c.fb&r_by=3904687. The proposed Capital Homestead Act (http://www.cesj.org/homestead/index.htm and http://www.cesj.org/homestead/summary-cha.htm) would accomplish the necessary reforms.
