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Real Capitalism Hasn't Happened Yet (Int'l Edition)


International -- Readers Report

REAL CAPITALISM HASN'T HAPPENED YET (int'l edition)

In your review of The Future of Capitalism, it is important to point out that real, pure capitalism has never existed on this planet ("Is capitalism headed for a new dark age?" Books, Mar. 11). Capitalism's proper definition is: "the societal structure that protects all forms of property completely." This and political societies--social structures based on coercion--are mutually exclusive concepts. In such societies, there can only be partial protection of secondary property (tangible property), while there is no protection for primary (intellectual) property. And little room for primordial property (life itself). The solution is a social structure that is not based on coercive concepts such as the regulatory system.

William W. Morgan

King's Lynn, EnglandReturn to top

U.S. VS. CUBA: WHO'S THE TYRANT HERE? (int'l edition)

As the Helms-Burton bill becomes law and further tightens sanctions on Cuba, and with Jesse Helms comparing Fidel Castro to Adolf Hitler, let's review a bit of American history ("Cuba: Business won't shy away," In Business This Week, Mar. 11). It was the U.S. that backed Cuba's tyrannical dictator Fulgencio Batista, it was the U.S. that propped up Ferdinand Marcos of the Philippines, it was the U.S. that supported the succession of dictators in Guatemala and El Salvador, it was the U.S. that looked the other way when the Somozas plundered Nicaragua--and on it goes.

Bert J. Snelgrove

Barrie, Ont.Return to top

SPAIN'S ECONOMY IS LIVELIER THAN YOU THINK (int'l edition)

I was surprised to find your article, "In Spain, an opportunity lost" (Economic Viewpoint, Mar. 18), quite inaccurate. Our inflation rate is 3.7%--the lowest since 1970--and unemployment is 15.4% of the labor force. The average growth rate for the past decade has been 3.6%.

There is room for improvement, especially in the labor market. We give importance to workers' rights, not the unemployed, which is a pity.

Inmaculada del Castillo Labrat

MadridReturn to top


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