Future of global capitalism

Illegal conduct of corporations is not where the flaw is. It's not about keeping in line those who break the law. United States are very effective in enforcing the rules and laws in the financial area, IRS is known to be extremely effective. Those entities that actually break the law aren't those who change the nature of capitalism. That change is executed through legislation changes. Why break the law if you can change the law to suit your needs ... An example of decision that is inconclusive with democracy is for example the legislative change, that virtually any amount of money can be donated to political campaign, which is basically a garage sale of the core principles of democracy. Sure, the corporations could sponsor politicians with crazy money even before, but it was illegal then. And if someone found out and published it in the media, the politician could be forced to resign. So it's a huge game-changer. The noble ideal "for the people, by the people' is definitely gone in practical reality. Now politicians, the law-makers and secondly the government can be legally hired by anyone who can afford it - the wealthiest. Regular Joe doesn't have such an option, and he'll be most probably brainwashed into voting for the corporate horse(s). Who is now going to regulate these corporations? Well, nobody will. And when they'll cause a financial disaster, regular Joes and Janes will get the bill... Well, EU has plenty of power to regulate and enforce the rules, but only within. They can't protect the value of currency or advert a financial crisis, improve export markets or preserve jobs in case of global crisis. And it the global financial world, they do tend to have the global impact. I understand that rising custom duty on outsourced production would backlash. You put it into wider perspective and described it well. Outsourced production is a difficult topic. On one hand we get to buy cheap stuff (work less time to earn for the item from outsourcing production copared to domestic) but also, we feed another country GDP and deprive our people of jobs. I truly despise nationalist supremacy of any kind, but protecting own market and economy shouldn't be considered nationalism. So I can't get my head around the fact, that somewhere in China people do our jobs for the "hand of rice" while our (western) folks collect gov't assistance and live somewhere around the edge of poverty. So the "added value - saving on people's work" may look valuable at first glance, but costs the taxpayers money for domestic unemployment checks and create moral harm, because even the chinese workers do not make (by far) fair wage for their work. The saving are in favor of corporations, and managers in China who usually treat the workers with utmost brutality. Financially, or rather value-distribution wise, it comes down to more money for the corporation, who often don't pay their share of taxes (cause politicians may spare them as so called "job creators" - essential for domestic economy) on expense of tax payers, who have to pay the government with increasing unemployment. In other words a corporate ripoff. So yeah, instituting tariffs for outsourcing production and services may be harmful, but so is current situation and I believe something should be done about it. I think my opponent well understands the risk of capitalism in today's shape, but I find out dispute about particular impacts rich and interesting. Unfortunately, I don't share as much of his hopes towards sustainability (and preservation of comfortable life and fairness throughout the entire stratification of societies in the free western world), because the system fails in ability to be properly governed, and no improvements in establishing an authority or a system that could manage the system's vicious circles and loopholes can be seen.