Letters to the Editor: October 2005

by | Oct 4, 2005

Oil Companies Have a Right To Their Profits Dear Editor, Why should we be angry at high profits of oil companies when it is these companies that make our very way of life possible. The high profits and the high prices of oil also act as a price signal to oil companies about where to […]

Oil Companies Have a Right To Their Profits

Dear Editor,

Why should we be angry at high profits of oil companies when it is these companies that make our very way of life possible. The high profits and the high prices of oil also act as a price signal to oil companies about where to place these profits. The profits don’t simply fall into the pockets of “evil CEOs”. These profits will be used in research and development and with the current price situation, would be a wonderful incentive for oil companies to develop either more effecient oil extraction methods, more refineries, more infrastructure, and even to invest in future energy possibilities. Instead of ridiculous subsidies to ethanol and “environmentally friendly” oil altnernatives, why not let oil companies and the price system (i.e. capitalism) take its course? Why do people fear the one thing that will get us out of our current problems…unhindered human intelligence and creative potential?

Regards,
Jacob Granison Hill
Yorktown, VA

Reform the United Nations


Dear Editor:

Reform the United Nations? No! One can’t reform what is inherently destructive. Many UN members are dictatorial regimes; they deny basic rights to their citizens. Some of these evil dictatorships, such as Iran and Syria, sponsor terrorism.

To allow dictatorships to vote on UN policy is to legitimize them and sanction their evil, which only serves to bolster them. Their primary aim is to hold onto their power at all costs. Because the goals of dictatorships are opposite to those of free, peace-loving countries, the UN policy of negotiation and compromise with tyrannical regimes merely advances their goals. As novelist-philosopher Ayn Rand wrote: “In any compromise between good and evil, it is only evil that can profit.”

The best way to end a dictatorship, apart from military action, is to shun and isolate it, letting it self-destruct. The best way to reform the United Nations is to dissolve it.

Glenn Woiceshyn,
Ayn Rand Institute

Re: Roman Polanski and R. Kelly: Pedophilic Celebrities are Above the Law

Thank you.

I really am sick of people ignoring this issue and showering praise on the man, as though they’d forgive a murderer if he could paint well. Thanks for not joining the chorus of adoring ‘art’ fans.

Regards,
Omar Kamel
Cairo, Egypt

The views expressed above represent those of the author and do not necessarily represent the views of the editors and publishers of Capitalism Magazine. Capitalism Magazine sometimes publishes articles we disagree with because we think the article provides information, or a contrasting point of view, that may be of value to our readers.

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