The Gettysburg Address invoked a call to action and a recommitment to founding principles in the revival of America. We could benefit from applying the same principles to rebuild our capitalist system after the fall of global financial markets. By John Friedman

Standing on the battlefield of the definitive battle in the American Civil War, President Abraham Lincoln gave what is perhaps the most famous Presidential speech. Many have remarked how he was able, in a few short lines to make three main points. First, he harkened back to the lofty goals on which the nation was founded. Next, with humility and restraint, he recalled the sacrifice of all who had fought – on both sides. And he concluded by invoking that sacrifice as a call to action engage in a ‘new birth’ and commitment to the founding principles.

It is important to note that the Gettysburg Address was given in November, with over four months remove from the carnage that left an estimated 46,000 to 51,000 casualties. Today we are still surrounded be the devastation of the collapse of global financial markets. It is easy – and tempting - to fixate on sadness, destruction and gloom. But perhaps we can take a lesson from Lincoln, during this the 200th anniversary of his birth, and instead look to the future where the capitalist system is revised (as America was revised) by returning to its core principles.

Capitalism is an economic system in which wealth, and the means of producing wealth, are owned and controlled by individuals rather than by groups (usually the state or other government entity). Today the two sides that have battled for the ‘heart’ of capitalism might be defined as Adam Smith’s ‘invisible hand’ of the market through which individual interest unintentionally produces collective good against the more Social Darwinist approach most famously expounded by the character Gordon Gecko in the movie Wall Street; “greed is good.”

And the result has left people questioning the future capitalism as a system – much as America’s future was doubt in 1863.

Let us recall that America before the Civil War was rife with social ills, the most obvious of which was slavery. While the Civil War did not end the practice, and true equality has yet to be achieved, Lincoln’s message of assuming individual responsibility and moving the nation forward based on its aspirations and goals, not on how it had been before set a vision that continues to guide the nation.

With apologies to Lincoln, then, let us commit ourselves now to learn the lessons from history. We must turn the imperative to rebuild into a commitment to improve on the past by this time to build an economic system that not only generates wealth, but is protective of the environment and advances the human condition.

It is the only way to honor the sacrifice and suffering that people are still feeling.

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John Friedman has more than 20 years of experience in public relations and corporate communications. Since 1998, he has been helping companies large and small engage in programs that help drive performance by realizing their environmental, social and economic goals. A frequent presenter and author on corporate social responsibility, John is author of "The New PR," a guide outlining how companies must modify the way they communicate to meet stakeholders' changing expectations.