Musings

Yesterday's lengthy article was one of the best I have seen in illustrating the process of creative destruction--a process of wealth creation well beyond the limited powers of ratiocination of your average community organizer.  I put it up more as an educational tool although the substance of the article itself reflects the woefully inadequate understanding of how the economy works by somebody who lauds the importance of innovation, but condemns the very essentials of the innovation process.

It is also worthy to note that Airbus, a foreign subsidized maker of commercial aircraft, will locate a production facility in the RIGHT-TO-WORK state of Alabama.  Where is the National Labor Relations Board when we need them?  Why did the Obama administration do everything it could to get in the way of Boeing's expansion into South Carolina?  Here's Boeing, a non-subsidized private sector producer, in which hundreds of thousands of Americans have investments through their 401 (K)s, an American company, and it has to spend hundreds of thousands in legal fees to assert its right to locate its business.  Airbus, a foreign government subsidized producer that constitutes the greatest competitive threat to Boeing, is allowed to implement a union avoidance strategy by locating in Alabama.