Letters to the Editor: Capitalism should work, but the U.S.’ version of it is ‘all out of whack’

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To the editor : Capitalism is good. It rewards innovation and creativity and results in prosperity. In theory, all members of a capitalist society benefit from national prosperity.

But, as history has taught (think Gilded Age), unchecked and ungoverned capitalism can result in a small class of the uber-wealthy, a large class in poverty and an excess need for social assistance. Current statistics indicate this is where the U.S. is now ( “‘Jenga tower’ economy teeters as middle class pulls back spending,” Nov. 6).

As Elon Musk looks to become a trillionaire and the billionaire class grows, 42 million Americans (one out of eight) need food assistance. In 2024, at the 35