Tuesday, October 26, 2010

Capitalism At It’s Best

With all of the feel-good of the miner rescue, some have particularly noted that it is a wonderful testimonial of capitalism.  The president of Chile solicited the best of innovation to get these miners rescued.  Consider this:

  1. The drill bit manufactured by the small company in Pennsylvania.  It is the only drill bit that could have been used. 
  2. High strength cable from Germany.
  3. Fiber-optics communications system from Japan.
  4. Start-up in Pennsylvania that manufactured the socks that prevented bacteria build up.

Note no communistic countries represented.  China had no representation.  Not because they didn’t want to, but because they had no capability.  Had this happened in Venezuela, we would have had a lot of dead miners. 

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