We can find a beneficial balance for capitalism, socialism

In response to Mike Miller’s letter to the editor regarding the overblown fears of Democrats and socialism:

I agree with Mr. Miller. We need not fear. The fear creates conflict.

We are nearly 90 years into a period in which we have had a mixed economy and it has produced the greatest economy the world has yet experienced. A healthy balance of capitalist systems cooperating with socialist systems (fire, police, military, Social Security, etc.) has evened out the extreme swings of boom-and-bust economies which has benefited wealthy and poor alike. The downturns have mostly been brought on by the unwise deregulation of stabilizing factors in our banking and savings and loan sectors. The balance between our two economic systems may not now be perfect, but with better cooperation it could be made more perfect.

We need to find a way to give opportunities to those who have been left behind to become more productive and wealthy enough so they are able to purchase the goods that the wealthier produce.

The wealthy in our country have the most to lose if we degenerate into such an imbalance of wealth that it forces the masses to revolt. The wealthy must help out to prevent over reaction.

If we react correctly, we will continue our mixed economy and embrace capitalism and socialism with a healthy balance for the benefit to all.

Don Martinson

Edmonds

Talk to us

More in Opinion

Pamela Propeck works on an assignment at the Advanced Manufacturing Training & Education Center Wednesday morning at Everett Community College on June 3, 2020. (Kevin Clark / The Herald)
Editorial: Students, economy need boost of free college

EvCC canceled students’ debt, showing what free community college can deliver to students and employers.

toon
Editorial cartoons for Saturday, Sept. 25

A sketchy look at the news of the day.… Continue reading

The 214-foot tall cranes work to unload their first cargo shipments at South Terminal at the Port of Everett on Thursday, April 8, 2021 in Everett, Wa. (Olivia Vanni / The Herald)
Editorial: Murphy can bring more transparency to port board

Voters will choose between two strong candidates for Everett’s port board, each with years of service.

A houseboat rests in a cove at Lake Powell Friday, July 30, 2021, near Page, Ariz. This summer, the water levels hit a historic low amid a climate change-fueled megadrought engulfing the U.S. West. (AP Photo/Rick Bowmer)
Editorial: Summer of extremes calls for climate change action

The significant investments now considered by Congress are our best chance to limit climate change.

Kathy Coffey Solberg
Kathy Coffey: How do we know why we’re right and others wrong?

If our internal GPS aren’t regularly updated with new ‘roads’ we can find ourselves lost even when ‘right’

Sid Roberts
Sid Roberts: Patriotism doesn’t require we hold views narrowly

We need to find a way to discuss our differences while valuing those with whom we disagree.

Harrop: Republican over-reach may be key to Democrats’ success

The convention wisdom about midterm elections may not hold if Republicans keep this up.

Comment: GOP counts on public not understanding debt limit

Authorization for the country to pay what it owes shouldn’t be an excuse to hold the country hostage.

Fact Check: McCarthy misleads on debt ceiling responsibility

The last vote didn’t ‘pay’ for all of Trump’s programs and some of Biden’s; it doesn’t work that way.

Most Read