Our Free Enterprise system [Capitalism 201 Gone Wild] fosters inequality because it’s based on a set of flawed values; and hard work has little to do with financial success or happiness. This free enterprise system embraces (for the most part) a flawed concept of social Darwinism which rewards unrestrained competition over human rights.
It also says that those who adapt (Darwinian) and multiply unrestrained (free enterprise) are more valuable and the most financially successful. This system at its core, values power, money and physical assets over relationships and human rights; and it rewards exploitation. This system is most unstable.
In an economic system that values good familial and community relationships, human rights and human dignity over money and things [You can call it whatever you want]; people will agree to share regardless of one’s fitness.
This system takes into account human frailty and weakness; but tries to instill in its people the concepts of human rights, human dignity, mutual respect and cooperation; and appreciation of family and community. Innovation, creativity and true free trade is encouraged.
Trying to combine a system that values acquiring money and things -the free enterprise system we have today, with a system that values relationships and human dignity and human rights will always be inherently a flawed system; and will always be at odds trying to balance the two. They just don’t fit together well.
Denmark seems to largely embrace the second system and its people say they feel fulfilled, feel they are well provided for and feel happy. They also seem to be proud, innovative, creative and enjoy free trade.
Update: November 10, 2010
Update November 10, 2010
How the Wealthy Organized to Rip Everyone Else off -- And What You Can Do to Stop It | | AlterNet by Maria Armoudian
Update: September 10, 2012
Bill Clinton: The Great Deregulator, by Robert Scheer
Update: March 2010
CHASING MADOFF, BY HARRY MARKOPOLOS