This one reform could fix the biggest problem with American capitalism

It's time to eradicate the plague of short-termism

Stock exchange
(Image credit: (Spencer Platt/Getty Images))

American capitalism is the world's greatest wealth-creation engine, by far. It has an unmatched entrepreneurial streak, producing the world's greatest technologies and innovations. For all the justified hand-wringing about America's current economic sluggishness, the U.S. has still done a lot better out of the crisis than other major rich countries.

American capitalism does have one major problem, however: short-termism.

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Pascal-Emmanuel Gobry

Pascal-Emmanuel Gobry is a writer and fellow at the Ethics and Public Policy Center. His writing has appeared at Forbes, The Atlantic, First Things, Commentary Magazine, The Daily Beast, The Federalist, Quartz, and other places. He lives in Paris with his beloved wife and daughter.