Capitalism is criticized a lot on here (especially by American users, it seems to me). Most of that seems well-founded, but I also have the feeling that most of these complaints are simply venting and not the first step to improvement.
So I would like to know what specific changes you (especially Americans) want to see from lawmakers.
A planned economy ideally, even if that would hardly be immediately doable for most first world countries, as they lack any actual industrial capacity. If all useless jobs were to disappear overnight, most of the population would end up unemployed. In addition a lot of the “economy” of first world countries comes from abusive monetary relationships with third world countries, wish should obviously be ended as soon as possible.
Therefore a transitionary period would be needed, during which we would reindustrialize and develop some level of self-sufficiency. That last part might be less important for the US, as they’re unlikely to get sanctioned by themselves.
Eventually a planned economy allows for production for use instead of for sale, providing to each according to their needs, and requiring work according to their abilities.
Removed by mod
Not as much as you might think, as back in the day all the calculations were done by hand, and it still worked. But if you want to know how that would work, look up “project cybersyn” in Chile. That system worked very well, until you know… the coup.