Kokomo Tribune; Kokomo, Indiana

Letters

March 7, 2014

March 7, 2014: Letters to the editor

(Continued)

David Read

Carmel

Capitalistic greed must be reined in

Capitalism, the prevailing economic system in industrialized countries, is a free market system of private ownership, capital accumulation, control of industrial production, labor compensated by wages, with the goal of maximizing profits — making money.

One of man’s sins, greed — a primary capitalistic driver — is elevated to a virtue when operating within moral and legal limits and will raise living standards in America. Capitalistic greed is allowed to operate within our country by permission of our government and regulations set forth by our elected representatives who are legally bound to do what’s best for American citizens.

Inherit in our capitalistic system of greed are economic boom-bust cycles along with a constant move towards monopolies in the quest to maximize profits. In order to maintain our country’s living standards, it’s our government’s job to set forth policies to prevent wide economic fluctuations, keep greed within boundaries set forth, and deter the formation of monopolies.

As one elected official said, “they walk the halls of Congress like gods.” The super-rich can buy anyone or anything, in effect making up their own laws as they go. These all-powerful beings are driven by greed; they are not only able to influence/purchase our elected representatives, but they will be able to purchase/privatize portions of our government, like Social Security, Medicare, schools, prisons, and even force the post office to fail and eventually be sold to them at bargain prices.

Our elected officials and Supreme Court justices need to start doing their jobs, representing the American people, turning away from the greed causing our government to be dysfunctional. They need to reverse decisions/laws that unbridled greed has brought to our country and establish new parameters for our capitalistic economy.

Larry Brooks

Kokomo

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