Alarming News: I like Morgan Freeberg. A lot.
American Digest: And I like this from "The Blog That Nobody Reads", because it is -- mostly -- about me. What can I say? I'm on an ego trip today. It won't last.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is brilliant.
Dr. Melissa Clouthier: Morgan Freeberg at House of Eratosthenes (pftthats a mouthful) honors big boned women in skimpy clothing. The picture there is priceless--keep scrolling down.
Exile in Portales: Via Gerard: Morgan Freeberg, a guy with a lot to say. And he speaks The Truth...and it's fascinating stuff. Worth a read, or three. Or six.
Just Muttering: Two nice pieces at House of Eratosthenes, one about a perhaps unintended effect of the Enron mess, and one on the Gore-y environ-movie.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
The Virginian: I know this post will offend some people, but the author makes some good points.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
Daniel Henninger, writing in Wonderland in the Wall Street Journal:
The president of the U.S. is campaigning across the country making this statement at nearly every stop:
“The basic idea is that if we put our blind faith in the market and we let corporations do whatever they want and we leave everybody else to fend for themselves, then America somehow automatically is going to grow and prosper.”
Uh, yeah. That’s a caricature of the basic idea, but basically that’s right.
:
This profit = innovation dynamic was everywhere at that Chilean mine. The high-strength cable winding around the big wheel atop that simple rig is from Germany. Japan supplied the super-flexible, fiber-optic communications cable that linked the miners to the world above.A remarkable Sept. 30 story about all this by the Journal’s Matt Moffett was a compendium of astonishing things that showed up in the Atacama Desert from the distant corners of capitalism.
Samsung of South Korea supplied a cellphone that has its own projector. Jeffrey Gabbay, the founder of Cupron Inc. in Richmond, Va., supplied socks made with copper fiber that consumed foot bacteria, and minimized odor and infection.
Chile’s health minister, Jaime Manalich, said, “I never realized that kind of thing actually existed.”
That’s right. In an open economy, you will never know what is out there on the leading developmental edge of this or that industry. But the reality behind the miracles is the same: Someone innovates something useful, makes money from it, and re-innovates, or someone else trumps their innovation.
And some good stuff gets developed that otherwise would not have been…and, ultimately, it can make the difference between life and death.
Then, for reasons nobody can explain, we’re up to our armpits in lefties who insist it was all done by bureaucrats who spent somebody else’s money and did a lot of talking in front of television cameras. Equally unexplainable is the doctrine that says we have to allow them to get away with it, and listen uncritically as they blame capitalism for all the problems in the world.
But it ain’t necessarily so.
This is an important thing to point out, especially right now. The attack on capitalism, now thoroughly exposed as precisely the wrong way to go, has become desperate and the attack has been pressed, accelerated, frenzied. How bad is the situation?
The U.S. has a government led by a mindset obsessed with 250K-a-year “millionaires” and given to mocking “our blind faith in the market.” In a fast-moving world filled with nations intent on catching up with or passing us, this policy path is a waste of time. [emphasis mine]
And worse.
Henninger has a strong finish. How strong? Strong enough to go toe-to-toe with the primal urge, felt by some, to deny the potential for human achievement in the private sector — and to smash it wherever it pops up, in some mad, sick game of whack-a-mole. It’s a column whose time has come. Go RTWT.
Leave a Reply
You must be logged in to post a comment.
Thank the Sweet Baby Jesus for the WSJ. It’s the anti-NYT.
Good stuff.
- philmon | 10/15/2010 @ 07:19[…] http://www.peekinthewell.net/blog/henninger-capitalism-saved-the-miners/ Commenters who threaten anyone while here because they are not smart enough to come up with a better answer will have some due diligence done on them. Foul mouthed lefty posters beware. […]
- Marginalized Action Dinosaur » The Chilean mines a marvel of Capitalism. | 10/18/2010 @ 06:08