Capitalism Saved The Miners

Discussion in 'Economy' started by boedicca, Oct 14, 2010.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    At the risk of offending the moonbats who think All Good Flows From The Government, here is a contrasting, and accurate, point of view regarding what value system rescued the miners.

    Here's a clue: It was neither centralized planning nor class warfare against people who make $250K.

    It needs to be said. The rescue of the Chilean miners is a smashing victory for free-market capitalism.

    Amid the boundless human joy of the miners' liberation, it may seem churlish to make such a claim. It is churlish. These are churlish times, and the stakes are high.

    In the United States, with 9.6% unemployment, a notably angry electorate will go to the polls shortly and dump one political party in favor of the other, on which no love is lost. 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. Ask the miners.

    If those miners had been trapped a half-mile down like this 25 years ago anywhere on earth, they would be dead. What happened over the past 25 years that meant the difference between life and death for those men?

    Short answer: the Center Rock drill bit. ...


    Daniel Henninger: Capitalism Saved the Miners - WSJ.com
     
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  2. Revere
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    Revere BANNED

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    That's a big 10-4. Lawsuits and threats from government didn't save any miners.
     
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  3. masquerade
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    masquerade positivity

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    American ingenuity and generosity at work!
     
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    It's a beautiful thing.

    :)
     
  5. B. Kidd
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    B. Kidd Gold Member

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    Specifically, it was a small business in Pa. that developed the percussion drill bit that poked through to the miners and approached Chile, offering the bit. The same kind of small business that the late-great U.S. Govt. continues to stifle with increasing reg.'s and U.S. banks are reluctant to loan to.
     
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  6. loosecannon
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    loosecannon Senior Member

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    capitalism didn't save the miners, society, human spirit and technology did.

    Of the four, capitalism probably contributed the least.

    Somebody is grasping at straws to redeem an ideology that crashed our economy.
     
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  7. Mr. H.
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    Mr. H. Diamond Member

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  8. loosecannon
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    loosecannon Senior Member

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    NASA saved the miners

    Oxygen saved the miners

    Food, water, psychiatric counseling, all saved the miners.

    The mine saved the miners!

    The miners saved each other!

    GOD!!!!! saved the miners!
     
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  9. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    B'loney.

    The best technology is the product of Capitalist Entrepreneurs, as is the case with the Drill Bit.

    Statism kills the human spirit, btw.

    And society watches.
     
  10. loosecannon
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    loosecannon Senior Member

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    society does far more to encourage innovation than does capitalism. In fact there was innovation for gazzillions of years before capitalism was spawned.

    Without society capitalism is just another disposable ideology. Without capitalism society prospered for 100,000 years.

    You just need to redeem an ideology that crashed the economy.
     

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