Capitalism has its drawbacks

Sun., Jan. 10, 2010

The Spokesman-Review

For all the crusaders for capitalism and bashers of socialism, I have a question: Did you like $5 gas? Another bubble, which really isn’t capitalism at work anyway. Let’s be clear that capitalism is about innovation and improvement, not greed. Money is only a byproduct.

Unregulated commodities trading is fertile ground for bubbles and economic pain. Regulation is all that stands between the vast majority and needless financial hardship. Regulation is socialism, more of which will improve the present situation.

John Kluge

Medical Lake

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