A political economy interfaces politics and economics. For the U.S.A., when government regulation quality and understanding is lacking the private sector and government investment goes to seed; the ecosystem declines, economics serve capital concentration entirely for its own sake rather than national citizenry well-being, national financial balances run tens of trillions of dollars of deficits, and wealth is concentrated to the point of creating a virtual aristocracy or plutonomy.
Remedies exist that are obvious, yet the corporatism phenomena of the private sector merging with the government that becomes a servo-unit for it following it about has negated the selection of quality political candidates and oversight.
Patents can be reformed such that exclusivity exists for just three years with 10% royalties to patent holders from anyone in the common domain era after three years, Regulations can be made to reward quality production that reduces mal-effects on the ecosystem. Capital acquisition by individuals can be capped at a percent of the national income that is low enough to prevent political power from being concentrated as well as economic, and ecological economics can become a guiding principle for the political economy, instead of being a vague outline in the shadows.
Remedies exist that are obvious, yet the corporatism phenomena of the private sector merging with the government that becomes a servo-unit for it following it about has negated the selection of quality political candidates and oversight.
Patents can be reformed such that exclusivity exists for just three years with 10% royalties to patent holders from anyone in the common domain era after three years, Regulations can be made to reward quality production that reduces mal-effects on the ecosystem. Capital acquisition by individuals can be capped at a percent of the national income that is low enough to prevent political power from being concentrated as well as economic, and ecological economics can become a guiding principle for the political economy, instead of being a vague outline in the shadows.