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"In History Class, Capitalism Sees Its Stock Soar" (front page, April 7) creates the mistaken impression that this development represents a departure "after decades of 'history from below,' focusing on women, minorities and other marginalized people." The subject matter may be new, but the partisan, left-wing perspective is the same.
I'm sure that some valuable insights and historical linkages will emerge from this round of scholarship. But I doubt that these college courses will describe how, along with the rise of monopoly, the American market system also provided openings for tens of thousands of people with few resources — including ethnic minorities and women — to create businesses, offer needed services and commodities to their communities, and provide a route for themselves and their families into the middle class.
Capitalism entered world history at roughly the same time that individual freedom caught on as a widespread goal, and this linkage was not accidental. Any fair-minded historical treatment of capitalism would have to explain why this economic system has proved so popular, despite its many failings.
TONY FELS
San Francisco, April 7, 2013
The writer is an associate professor of history, University of San Francisco.
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