Letter of the Day (June 7): Capitalism

Updated: June 6, 2012 - 8:57 PM

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The opinion that "Capitalism is too important to be left to ... capitalists" (Opinion, June 4) is not a new view. Many people felt that communism and capitalism were evil and did not work. It was proposed that if capitalism was managed by the state, we could get all of its benefits and none of the downsides. FDR, Mussolini and Hitler all had this view and called it the Third Way. We now politely call this mixture of freedom and statism the "mixed economy." The mixed economy -- or, as some call it, friendly fascism -- is a one-way street. When freedom compromises with statism, freedom loses every time. Every day we see another infringement of our freedom. The state's role is not to manage the economy but solely to protect our individual rights. The state's management of the economy has given us fiat currency and deficit spending, and has stolen our savings through inflation and our home equity through a government-caused housing crisis. The government is not the solution to our problems but the cause. Just one day I would like to wake up and read in the news that one of our freedoms were given back.

CRAIG SCHWARTZ, WOODBURY

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The Opinion section is produced by the Editorial Department to foster discussion about key issues. The Editorial Board represents the institutional voice of the Star Tribune and operates independently of the newsroom.
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