Madam, - I am delighted to see that socialism is back in favour in the heartland of capitalism. - Yours, etc,
PAUL DORAN, Monastery Walk, Clondalkin, Dublin 22.
Madam, - One does not need to be a graduate of the London School of Economics to realise the following.
The US Government is in debt to banks, insurance companies, savings bond holders and others to the amount of approximately €5 trillion. And what does this debt-ridden government do? It gives money to financial institutions that have gone bankrupt.
Wall Street and, by extension, the US government continues to live on the edge of catastrophe and as a result much of the world's economy is on the verge of collapse. We are living without any regard for our children's and grandchildren's futures. - Yours, etc,
VINCENT J. LAVERY, Coliemore Road, Dalkey, Co Dublin.