A simple, straightforward thought from a former U.S. Senator:
A mature society, one that understood both history and human nature, would reach a thoughtful balance that permits private corporate interests to drive economic growth, and make a reasonable profit, under conditions where the public interest, the common good, and the interests of future generations and nature were represented by well-trained, alert, dedicated, disinterested (that is to say, not regulators drawn from the industries they are sworn to regulate), and knowledgeable government officials made fail safe systems work.
That has at times been the accepted understanding of the relationship between our economy and our form of government, but now is not one of those times. And those that understand this are most assuredly on the sidelines.
Sure, I hear you bleating "well, what does 'reasonable profit' mean? Is the government going to tax corporations into submission to achieve your socialist utopia?"
Apologies to Senator Hart, but I think a clearer way to say it would be "profits earned under conditions where the public interest, the common good, and the interests of future generations, etc. would be reasonable." That is, reasonable precisely because they do not come at the expense of all those good things enumerated in the above-quoted paragraph.
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