Cato has a great article. Here is a great quote:
Today, anti-corporatists want corporations to put some vague notion of altruism ahead of profit, innovation, and investment. That’s terribly shortsighted. Capitalism has proven to be the best way of creating wealth because it trusts that the collective wisdom millions of people voluntarily engaging in millions of mutually-beneficial transactions every day is the best way for an economy to allocate its resources.
Combining mutually-beneficial transactions and the freedom to do so is the only real way to create wealth. Its our job to spread the good word, to beat back the lies of the idealist utopia-ists.
Because we require our government not to lend a helping hand because it is so awful at it, here are some good places to send some funds…
A federal appeals court overturned a ruling declaring gag orders associated with the FBI’s national security letters are unconstitutional. This is the first step in a long time towards liberty in this country. Its about time a judge sees the constitution as it is, laws we all must live by, including the president.
An interesting blog post regarding the spreading of Linux. I hope I never receive a letter like this when my kids take Ubuntu live CDs to school, because I may not be able to refrain to the degree the author did.
I saw this ad on a blog I frequent. Justice may pay, just not for spell checking.
There is plenty of news regarding the Big 3 (Ford, GM, Chrysler for those living under boulders) and their bailout. I keep hearing about how they are too big to fail. This is hogwash. Lets imagine what will happen. Let’s pretend that Ford, GM, and Chrysler all close their doors on the same day. Do you think all of those workers are going to be unemployed for the duration of their remaining lifetimes? What about all of that capital now idling waiting for a new owner? The first thing those companies will do is sell off their manufacturing lines. Companies like Toyota, Honda, Kia, Isuzu, Kawasaki, and countless others will try to buy those lines for pennies on the dollar. Who do you think will work those lines? The same people who worked them before. Now, they may make less than what the made before, but some one who makes $80k/year for riveting should expect that to not be sustainable for themselves or the company. I am sorry you have grown accustomed to that amount, but its your wage’s fault for your companies failure (in addition to inept management).
Bankruptcy would allow these companies to shed their union contracts which are anchors on their business plan. This bailout will only postpone the inevitable. Eventually, the big 3 will have to cancel their union contracts to compete, its only a matter of time.
You are currently browsing the Liberty or Bust blog archives for December, 2008.