Letter: Capitalism – making millions miserable
Most people have felt the effects of the latest economic crisis; many people have experienced more than one.
The population needs to work regularly to be able to care for their families; they need good pay, decent conditions of work and security of employment.
We live in a capitalist society where the owners of money wealth control where and when to invest. More important to them is their right, if they find profit too low, to withdraw money from industry and business – even to the extent of closing them down – regardless of the effects on employees. This investment and disinvestment happens every day on a large scale, and the system allows a relatively small number of wealthy people to have power over the lives of many people. This cannot be right and must be changed.
As a first step in changing the sytem, the industries on which all people rely – electricity, gas, water supply and sewerage – should be excluded from private profit making as they are essential to every home. Rail and road passenger transport services are also essential in getting to and from work and for social mobility. Again, these industries are needed by everybody so it is essential they should be operated for the benefit of everyone, not for the private profit of the few.
Other essential universal services could also be ncluded, making furthr changes to the system of capitalism that has caused so much hardship to millions of people: people who are now being forced to pay for the crisis they did not create.