The current economic scenario calls for bold changes in the system. Open source, now rampant in software industry can bring about big changes if applied at a global level. The core essence of the open source can be applied to pharmaceutical industry, electronics industry, publication industry and heck even carpentry. Open source keeps a constant check on monopolies and it ensures that the right and most efficient methods are successful. It promotes active research and local markets thereby insulating the economy from recession. If a big company goes down, then a thousand other local companies can take over the intellectual property of the company and extend over it.
By dropping the idea of patents and allow research to be open, the prices for many medicines and goods can drop. This will make capitalism open, transparent and rational rather than secretive and paranoid.
Open meetings, budgets, salaries
Open decisions making
Open kills fraud, lies and coercive capitalism thereby making it truly liberal.