Somehow over the last 30 years our economic system, capitalism, has lost its way. Most citizens believe a free market means government should have no control how the private sector operates. This is contrary to the teaching of the founder of capitalism, Adam Smith, and one of its biggest advocates, Milton Friedman. " Capital cannot be expected to be self-policing. To prevent it from mortgaging humanity’s future, governments must reject laissez-faire attitudes. The “visible hand” of government is needed to manage the markets, revamp regulatory systems and bridle reckless behavior. Governments should encourage businesses to invest in the “real” economy — to promote technological innovation and job creation rather than speculation and profiteering." Rebalancing the Global Economy , New York Times, Li Congjun, July 17, 2012 Li Congjun is the president of Xinhua News Agency, the official press agency of the People’s Republic of China. Too many, the above statement sounds li