Letter to the editor: Capitalism is not perfect, but its history in America has proved its worth

James Tuthill
Silverthorne
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Cesar Munoz launches another criticism of the U.S. in his endorsement of the Colorado Education Association’s resolution stating that capitalism inherently exploits children, public schools, land, labor, etc.  

Capitalism is by no means perfect because humans are not perfect. And, as such, it needs to be and is regulated. But it is capitalism which has provided untold benefits such as cellular communications, the iPhone and many essential drugs to name just a few. Small private businesses in our communities — yes capitalism — provide us services, entertainment, products and jobs. 

What is his alternative? Theories, such as Thomas More’s “Utopia” are useful, but what have they actually produced? Many Western European countries may provide richer social services, but they have been able to do so because they have not had to spend on their own defenses, instead relying on the U.S.



Would he endorse the economic systems in China, Cuba, Venezuela or other totalitarian states? China, for the moment, may be economically successful, but the price has been to crush dissent. Do we see thousands immigrating to China?

Mr. Munoz endorses Noam Chomsky, an intellectual who promotes participatory economies where employees and consumers have democratic control over business decisions. That sounds good, but show us the results.



The reason we are seeing hundreds of thousands of immigrants seeking a life in this country is because of the economic and social opportunities we provide. It is capitalism which provides those economic opportunities.  

It is alarming to see organizations like the Colorado Education Association and thoughtful people like Mr. Munoz attack a country and system that is the bulwark against totalitarianism and its atrocities. No other country, society, or economic system has provided more support for Ukraine and Israel than the U.S.  And we’re able to do it in large part because of our economic system.   

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