From "Letters to Editor" in National Vanguard magazine, Issue No. 92, January 1983
In several articles you have written disparagingly of capitalism, lumping it in with Communism as an "alien" system and referring to capitalists as "parasites."
It occurs to me that when you and I speak of capitalism, we are, in fact, speaking of different things entirely.
To you a capitalist is someone who will do anything for money; to me a capitalist is a technician who finances trade and industry.
If renting out one's capital at interest is parasitic and unproductive, then one would imagine that industry and local government could do without the money. This is evidently not the case. What, then, is to compensate the lender for the risk of eventual total or partial loss?