Capitalism and the Hyper-Mobility of Capital

Although Capitalism is widely accepted throughout our society, many people seem to believe that we can do better. The only problem is that no one has any alternative solutions in which we would be able to progress further under that is better than Capitalism. I believe that any system under which our economy is run is going to have problems, but one problem that is drastically out of control is that of the hyper-mobility of capital. I also believe that under Schweickart’s model of Economic Democracy, this can be slowed down if not completely eliminated. He proposes that with this system there would be hardly any capita flow across the border. Since his model proposes worker self-management, or an enterprise that is controlled by its workers, this would keep jobs in the United States, instead of sending them abroad where they can be done with cheaper labor. Sending these jobs abroad is one the main problems that exists in our economy today. Our economy is hurting for jobs. Factories and companies are being shut down all over the United States, only to be shipped to another country to be done for a lesser cost. If Capitalism continues at this rate, there will be no more jobs in the U.S., everything will be divided up by the division of labor, and sent overseas. With Economic Democracy much of this can be changed. There has to come a point in our current economy that we say enough is enough and propose a change. Although I understand that this change is not going to be easy, I think that it will be well worth it in the long run. Prices may increase at first, which may anger many Americans, but in the years to come, more jobs will stay on American soil.