Tuesday, June 07, 2011

(Unintended?) Consequences...

A study in what happens when you have a government and bureaucrats brazenly and opportunistically take over private assets for personal gain - How to Steal a Russian Airport (NYT):

In truth, as long as the plutocrats thumb their noses at the rule of law and steal corporate assets with impunity, no Russian company is going to get the price their assets may deserve. That’s the real market condition. It won’t change until the practice ends.

For that to happen, though, the plutocrats would have to start caring about their country — and not just themselves.
Meanwhile in related news - The Washington Post factchecks President Obama's speech on the auto industry bailout (via Instapundit).

No comments: