Even one of the more liberal architects of modern time understands this economic ideology. We do not need more government regulation for our businesses, we don't need more government regulation on our banks. The idea is simple, and yet so easily forgotten. Let the people chose what fails and what succeeds. That's the foundation of what this country is built upon. If you have the desire to be successful, no matter where you come from, you can do it. More importantly, you have the opportunity to do it.
A true Capitalist System would regulate itself, it would be regulated in the marketplace. If a product or business is not desired, whether it be based on the need for the business/product or simply the way that the company is ran, then the market will not support it. They do this by simply not investing in the company by buying the product or services. When there is a company that is producing a quality product or service that the general market likes, they are going to be prosperous; simply due to the fact that it is what the people want.
Likewise, it is the responsibility of those businessmen to act with virtue and strong morals. If those men do not act in such a way, then the marketplace is going to see that. Ultimately it is up to the people in the marketplace to decide what values to hold important and where and how to hold a company accountable. When there is a disagreement in these areas, the consumer simply stops purchasing from them, and will turn to a new business that is fulfilling their needs.
The American public needs to be slapped with the fact that they are simply apathetic. They are not willing to take responsibility for the market that they are in control of. Americans simply expect the government to do the work for them. What they don't see in this is that sure, the government can print money, and 'bailout' companies... but they're destined to fail again (i.e. Chrysler, GM, and Ford were all given bailout money decades ago). When you give the government the power to regulate the amount of money you are able to make, then they are limiting your liberty. And when the government continues to print more money, that hard earned money that every American works hard for, becomes worth less and less.
P.S. If you live in New York, pick up some riot gear... The G20 Summit is coming your way in September.
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