Letter: Let’s strike a balance

Nearly all of us, to a large extent, are both capitalists and socialists.Most of us believe a market should decide how resources are invested. And most of us believe in some level of social services. We’re only arguing about where the balance of capitalism and socialism should occur.History is full of examples where pure socialism fails. It tends to reduce an individual’s incentive to produce and reduces the economic output of that country. However, social services are required to ad