This is in response to "I'm a capitalist, Mr. President, but you're not," April 10-11. This piece of writing is going to be prejudicial. I think that capitalism has everything going against it, especially since the Republicans are acting the way they are.

Fact: The CEO at Chevron last year made $21 million. Nothing against him, just the system. Oh, he made 12 percent more the year before.

Fact: Last year, capitalism created over 50 billionaires in the United States, not just millionaires.

Fact: Last year, 55 corporations, on profits of $40,000,000,000, paid no taxes.

That means that I paid more taxes than a billionaire. That angers me. I worked my whole life, paid taxes my whole life and these mega-corporations pay none, their execs get paid even if the corporation is ailing. Shareholders lose out, and these businesses can get government loans to prosper or stay afloat. Interesting, isn't it.

Capitalism is investment, ownership of production and investment by individuals. Socialism is production and ownership by the community.

Both theories have their faults, and not many advantages for the working men and women in the United States of America.

In the last four years, what did the Trump administration do to help workers? I can enumerate better what they have not done:

No universal health care, Medicare for all. States (like Texas and Missouri) refusing federal funds for Obamacare for their constituents.

No reform of big Pharma which is still robbing the system with exorbitant prices.

No positive action on climate change, working conditions, nuclear proliferation, help for veterans, women rights, (men have them too), education for all, the environment, voting rights (lots of suppression though), obstruction of any progress in the federal government to promote anything for the electorate.

So what gives? Who are the Republicans working for?

(11) comments

gjthuro

obviously the writer has not seen socialism in action....no wonder all the folks living in the Central American counties are running to the USA.....those Multi Billionaires are the ones who grow businesses and hire people and it has worked wonderfully for 250 years in this country

barrykissin

The folks in Central America like in Honduras and Guatemala aren't running away from socialism -- they are running away from vicious right-wing, militarist governments that came to power by deposing democratically-elected socialist governments. The coups that occurred in Guatemala and Honduras could not have succeeded without support from the USA which does whatever it can to prevent socialism from demonstrating its commitment to the common good. Most of our multi-billionaires secured their wealth by inheritance, exertion of monopolistic power and cronyism. Essentially what we have in the USA is socialism for the rich who are treated as too big to fail, no matter their disregard for working people and the environment.

mrnatural1

Exactly right, Barry. Socialism for the rich, capitalism for the rest of us.

We need to focus on improving conditions in those Central American countries, so that people will not be so motivated to come to the U.S. in the first place.

For a given amount of money we can help many more people in their home countries than we can here. Since we helped install those governments hopefully they will be cooperative.

There are many benefits to slowing, stopping, and reversing population growth in America: Preserving what's left of our farmland, fresh water aquifers, and other resources -- as well as reducing carbon emissions.

artandarchitecture

For the longest time, I was 100% rah-rah Capitalist. But there are some legit criticisms of modern global capitalism. Modern U.S. globocap supports communist China better than anything. Eventually these giant corporations have no loyalty to Americans whatsoever. Disgustingly, it's all about the nonstop chase of further & further profits.

*Many* U.S. jobs were sent overseas where 3rd world workers could be exploited. In addition, hoards of low-skill, immigrants (& more importantly for corporations, new consumers) is arriving daily. Hola, fill out some credit card applications!

Life is more than GDP! Lately, I've been studying the successful *economics* of national socialism.

francesca_easa

A&A, I have some similar thoughts. Living wages are important and a base living wage should be mandatory. But I also like capitalism and want people to be motivated. If you work harder, achieve more results, are a long term employee, you should be paid more. Everyone in the company should get profit sharing. Anyone who does not believe in capitalism should be tossed out (workers and execs alike). Maybe an arrangement similar to sports contracts would be useful? Get a base slary for entering the workforce for the first year, and increasing pay for every year you are loyal to the company. On top of that performance bonuses, profit sharing, increased leave ...

barrykissin

Who are we all working for (not just republicans)? For a time, capitalism propelled productivity. That time is long past. The American economy (and its political system, media, and culture for that matter), are dominated by rapacious monopolistic cartels like the "military-industrial complex" and Big Pharma. Thank you for this letter, Mr. Dolan. I would add that at this stage, "production and ownership by the community" would be a huge improvement.

micky

The only difference between socialism and capitalism is the in a socialist state the Politicians are the billionaires and in capitalism the billionaires are the industrialists.The problem is that no socialist state has achieved longevity. Pick your poison!!

threecents

I pick what we have - a combination. Duh.

Greg F

Oh, Micky...you swallowed hard on it, didn't you? https://www.latimes.com/opinion/readersreact/la-ol-le-democratic-socialism-20180801-story.html

Dwasserba

Good letter, sir. Rs are busy fighting to be first in line to respond.

Brookhawk

Republicans are working to stay in office, however they have to do it, so they can keep not paying taxes and making much much more money than the rest of us. That seems pretty clear by now.

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