ABSTRACT

In any event, modern capitalism has serious problems, and one has to wonder whether capitalism has a future as it currently exists. There have been many analyses of the system and its problems and many suggestions for reform to keep the system going and benefit all citizens of the country. The problem with contemporary capitalism as Robert Reich sees it is that there is "no longer a significant countervailing power" in American society "to constrain or balance the growing political strength of large corporations, Wall Street, and the very wealthy". Capitalism needs to live up to its name, and our understanding of capitalism needs to be broadened to include other stakeholders in the very structure of the corporate organization. The proposal for restructuring capitalism builds on these ideas and simply argues for the inclusion of these different notions of capital into the heart of corporate operations and its responsibilities to promote the well-being of these different kinds of capital.