Herman noted that we should "Nationalize the Money, Not the Banks" because he understood the growth imperative built into the debt-for-money system requiring growth to pay the interest on the debts. Plus, being a private for-profit system (usury), all economic development is dedicated to maximizing profits. To reverse this we must change the money from a private for-profit system to a public system issuing money exclusively for the common good as debt-free permanently circulating asset money.
"Capitalist free market" is an oxymoron because there is no free market under capitalism, which is synonymous with the private for-profit money system we have. As Aristotle pointed out, money plays two roles, one as an exchange medium for economic activity and the other as an instrument of power. This stems from allowing money to be a "store of value" and when accumulated to the level we see today it bestows tremendous power over the markets, the industries, and the government.
See the results of the 1912 Pujo Committee investigation of the Money Trust in the national archives. Monetary reform was proposed in 1933, 1939 to end the depression, and again in 2011 (NEED Act hr2990) in response to the current crisis. It was ignored by our corrupt Congress. Control of the money is control of the corruption, money drives corruption. In just the 5 years from 2009 to 2014 the 200 most politically active companies in the U.S. spent $5.8 billion influencing our government with lobbying and campaign contributions. Those same companies got $4.4 trillion in taxpayer support, earning a return of 750 times their investment.
Regarding ecological sustainability there has been a LOT of damage done. I would add this to Herman's foundational principles:
4. A massive investment in restoring the natural assimilative capacities of Earth's ecosystems.
We need to get the people back out of the centralized populations and onto the land in order to grow the life of the soil to rebalance the soil/gas cycles and reestablish and expand the number of thriving rural economies. The current system is centripetal, violently forcing everything to the center; wealth, power, population, production, etc. which needs to be reversed to a centrifugal system distributing everything broadly.
The first step is passing the legislation, which will take a movement, an electoral revolution against the current money system. Join us at monetaryalliance.org