Detroit has long been an example of what happens when too much government interferes with the free market. In granting subsidies and discriminatory tax breaks to a declining auto manufacturing industry, the local government helped make Detroit too reliable on a single industry that has been on the decline for decades. Unions also contributed to their decline by paying wages and benefits that were unsustainable.
Continued
Subscribe to:
Post Comments (Atom)
4 comments:
Hmmm...so now we are asked to "learn lessons" from a society that ensures through a caste system tens of millions of its citizens live a life of abject squalor and poverty.
Do you have nothing to say about the actual points made in the article? If not, well, just change the subject so you don't have to actually engage. Oh, wait, you already did that.
Perhaps the late hour has compromised your reading comprehension skills.
One of the points made in the article was that perhaps there was a lesson to be learned from how this Indian metropolis chose to do set policy in the hope of enabling a more favorable business climate.
I fail to see how I changed the subject.
I reject the supposition that a society that relegates half of its population to sub human status is in a position to teach me anything.
What else do you have Sean? Perhaps we should use Nazi Germany as a model for how to get Amtrak back on a profitable and timely schedule.
Engaging enough for you?
Hahahahahahahahhhhhhahahahahahahahhahahhahahha Rolflol!
Post a Comment