Free Enterprise "Frees" 33 Chilean Miners
The rescue of the Chilean miners is a smashing victory for free-market
capitalism. It's a remarkable story about all the astonishing
private-sector equipment & devices that magically appeared in
the Atacama Desert from the distant corners of capitalism.
The superstar? The amazing 21-inch Center Rock drill bit, which is the
miracle bit that drilled down to the trapped miners. Center Rock Inc.
is a private company in Berlin, Pennsylvania with 74 employees. The
drill's rig came from Schramm Inc. in West Chester, Pennsylvania.
The
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.
High-tech
kept Chilean miners in touch
with the surface
(Source:
Associated Press)
Samsung
of South Korea supplied a cell phone that has its own projector. Cupron
Inc. of Richmond, Virginia supplied socks made with copper fiber that
consumed foot bacteria, and minimized odor and infection.
In an open
economy, you 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.
This creates
jobs, wealth, and well-being....whether it's success stories as big as
Google or as small as 74-employee Center Rock which helped save the 33
Chileans.
In the words of Ronald Reagan, "We must not look to
government to solve our problems. Government IS
the problem."
Government needs to get the hell out of the way, off the backs of small
business, and let the free market work its magic. Speaking of which,
how does your Congressman stand on extending the Bush
tax cuts?
What's needed now is
a new American economic model that lets the capitalist innovators
rescue the
rest of us. I can hardly wait till the upcoming
election on
November 2nd (a choice between paychecks & food stamps), when
we
kick out all the socialist Democrats in Washington D.C. and
send
them packing.
Source: "Capitalism Saved the Miners" by
Daniel Henninger, deputy editor of the Wall Street Journal's editorial
page
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