Tuesday, December 23, 2008

The Curse of Government Intervention

Planet Bailout --Mark Steyn

Are we "keeping workers in their jobs"? Not over the long term. This is exactly the same trajectory Britain followed in the Sixties. A malign government-union partnership to protect valuable and lustrous brands - Rover, Triumph, Jaguar, MG, etc - ensured that by the time it collapsed the brands were no longer valuable and lustrous, but fatally tainted by their decades on the government teat.

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