Letters, May 12, 1980


To the Editors:

Capitalism in the U.S. is alive and working [April 21], but it is not well. And you can thank the Federal Government for that. It is excessive governmental controls that have killed the goose that laid the golden egg.

William B. Mullan Jr.

Chester Springs, Pa.

In response to the question on your cover: yes, that is exactly what capitalism is—working.

James Silver

Ann Arbor, Mich.

You glibly gloss over serious charges against capitalism, among them the perpetuation of gross inequalities of wealth and consequently opportunity, ecological disaster resulting from a system that favors corporate profits over a clean environment and human welfare,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!