Capital wealth

Your correspondent Jens Meder (Weekend Herald, April 20) acknowledges the vital role of capital in our economy. Quite so, because without capital we would still unload ships using block and tackle.

The writer then proposes to have the capital evenly distributed among all citizens.

This has already been tried in an experiment that involved 300 million people and lasted 70 years, during which the “workers owned the means of production”. It was called Communism, and we all know how well that went.

K. H. Peter Kammler, Warkworth