Andrew Yang Policy on HUMAN-CENTERED CAPITALISM

[Sherman A1]

Capitalism as an economic system has led to unparalleled innovation and improvement in the human condition. Many consider it to have “won” the war of ideas against socialism, but that simplistic view ignores that there is no such thing as a pure Capitalist system. And our current version of institutional capitalism and corporatism is a relatively recent development.

Our current emphasis on corporate profits isn’t working for the vast majority of Americans. This will only be made worse by the development of automation technology and AI.

We need to move to a new form of capitalism – Human Capitalism – that’s geared towards maximizing human well-being and fulfillment. The central tenets of Human Capitalism are:

Humans are more important than money
The unit of a Human Capitalism economy is each person, not each dollar
Markets exist to serve our common goals and values

The focus of our economy should be to maximize human welfare. Sometimes this aligns with a purely capitalist approach, where different entities compete for the best ideas. But there are plenty of times when a capitalist system leads to suboptimal outcomes. Think of an airline refusing to honor your ticket because they can get more money from a customer who purchases last-minute, or a pharmaceutical company charging extortionate rates for a life-saving drug because the customers are desperate.

"We need to make the markets serve us rather than the other way around. Profit-seeking companies are organized to maximize their bottom line at every turn which will naturally lead to extreme policies and outcomes. We need government leaders who are truly laser-focused on the public interest above all else and will lead companies to act accordingly."

https://www.yang2020.com/policies/human-capitalism/

[crazytown]

1. Elizabeth Warren's Accountable Capitalism Act

as tabled in the Senate

Corporations of $1B revenue or more to have

Legal fiduciary duty to
-employees
-customers
-communities
to complement existing duty to shareholders

AND employee representation at Board level.

Andrews proposals are aspirational.
In this area, Elizabeth’s plan has teeth.

[Sherman A1]

4. While I agree that her bill as proposed

(and it isn't law so it too has an aspirational aspect to it) is further along in some degrees his only platform is his campaign as she has a minority seat in an elected chamber.

I very much like Elizabeth Warren and believe her questioning of bankers, CEO's and others that come before her is a great service to the American People and I hope that she keeps up the process of doing so. Warren is a great asset to the Party and Nation any place that she serves.

[crazytown]

2. Thank you for posting Andrew's policies Sherman A1

I may come across as critical, but the point is each proposal opens important discussion.

[Sherman A1]

3. I appreciate your opinions and willingness

to discuss policies which I feel much more important to the future. I would hope that we choose a candidate that has a well thought out group of policies and a vision for the future from the start rather than one who starts their run for the office and chooses to develop them as they go along.