To the News Enterprise:
Tony Moro puts the English language to strenuous use in his critique of Wes Dingman’s comments regarding Capitalism (June 16 issue of the News Enterprise).
Tony refers to the empathy of this economic situation. Empathy is an understanding so intimate that the thoughts, feelings and the motives of one are readily comprehended by another. This said, it is presumptuous if not laughable to characterize capitalism as such, considering the recent behavior of Wall Street.
This is not to say that capitalism was not an economic system perfectly fitted to a young energetic, growing entrepreneurial populace at one time.
But with the good comes the bad. Let’s remove the seventh veil and see — child labor, unsafe workplaces, environmental disasters, incredible wealth disparity, mass layoffs, Wall Street crashes, public bailouts, social unrest, strikes, ponzi schemes, fraud, and corruption, ad infinitum.
Of course by dint of various ruses, the above are carefully camouflaged. Adam Smith did not live long enough to see the negative effects of his ideas. An economic system based upon personal greed is not a moral good. What does the bible say about the rich man, the camel and the eye of the needle?
A system that can bring a society to its knees needs close supervision.
Next, Tony plays that old melody of government as an abstract and incompetent demon. I don’t want to appear mawkish here, but just a reminder — government is us. We elect it. The government Tony decries is also the government that gave us the Constitution, the Bill of Rights, freed the slaves, ended segregation, Civil Rights legislation, won two world wars, was the impetus for the Panama Canal and the transcontinental railroad, our space program, the National Park System, Social Security, Medicare (which everyone should have), the G.I. Bill, our massive interstate highway system of the fifties ... I’m running out of paper.
Tony refers to the plethora of funds the national government can bring to an issue. Last I heard, we are 17 trillion dollars in debt, regulatory agencies are being decimates by budget cuts and aid to education and veterans slashed. Where’s this unlimited amount of money? It’s in the pockets of billionaires who can buy any favors they want. Where’s the inherent risk that Wall Street says it takes when the taxpayer bails them out?
In general, we’ve done well by capitalism. But this dog has grown big and nasty. It needs a strong leash.
Robert Foley, Olmstedville