The Editor: I wish to thank Peter C. Venable for his beautiful poem Messiah that appeared in this newspaper just before Christmas. It will be tucked away in my collection of favourite poems that I have collected over the years. — Alma Barkman, Winnipeg
The Editor: Joseph Stiglitz, a Columbus University professor and a Nobel Prize winner once stated that “wealth begets power, which begets more wealth.”
This is probably true, in particular in the U.S., which could now be labelled as a plutocracy, rather than a democracy. This could be the case for the American economy, where there are now a number of exceedingly wealthy persons and corporations.
Among the top of the wealthiest are two American brothers, Charles and David Koch. It is suggested that they probably are the sixth or seventh of the wealthiest people on Earth, and the second largest private company in America. In 2009 the government estimated the wealth for Charles and David was about $14 billion dollars for each brother. Their business interests involve pipelines, lumber, paper, coal and chemicals, They are huge traders in commodity futures, and other businesses.
The Koch brothers worked hard with other conservative interests to stop the Obama government from implementing policies that the American public had voted for. Koch industries saw these policies as being catastrophic to their own interests of acquiring more wealth and did not favour any government regulations of the so-called “free market.” They, Koch Industries, were simply opposed to government rules that were trying to stop powerful industries from doing businesses that pollute the atmosphere and the dumping of poisonous material, like mercury, in its lakes and rivers.
The above is actually taking place in the U.S. But it is very important for all Canadians, especially voters, to recognize that allowing a greater amount of Canada’s wealth to accumulate to fewer and fewer people and corporations could lead to Canada losing its democratic base and its sovereignty. — Leo Kurtenbach, Saskatoon