MINYANVILLE ORIGINAL Reports of the death of Twinkies have been greatly exaggerated. You can bet your less-than-a-UAW-worker's next paycheck that the delightfully unnatural confections and wondrous white breads from Interstate Bakeries Corp. are not going away, news stories to the contrary notwithstanding.
I wish we could say the opposite about the financially disastrous, US-government-subsidized Chevy Volt, but we can't. The fact that the Invisible Hand will ultimately keep us in golden sponge cake reveals everything about what goes wrong when the bumbling hand of politics intervenes in free markets, as it did in the case of General Motors.
As you've by now read over and over via today's dominant Facebook/Twitter meme, we are about to see the death by liquidation of Interstate Bakeries Corp., maker of Hostess Twinkies, Ding-Dongs, and Wonder Bread, among other nutritionally vacant delights. The sentiment behind most of the posts is one of sadness at the pending disappearance of the products, along with rampant nostalgia for the days when we all carried them in our lunchboxes.
MINYANVILLE ORIGINAL Reports of the death of Twinkies have been greatly exaggerated. You can bet your less-than-a-UAW-worker's next paycheck that the delightfully unnatural confections and wondrous white breads from Interstate Bakeries Corp. are not going away, news stories to the contrary notwithstanding.
I wish we could say the opposite about the financially disastrous, US-government-subsidized Chevy Volt, but we can't. The fact that the Invisible Hand will ultimately keep us in golden sponge cake reveals everything about what goes wrong when the bumbling hand of politics intervenes in free markets, as it did in the case of General Motors.
As you've by now read over and over via today's dominant Facebook/Twitter meme, we are about to see the death by liquidation of Interstate Bakeries Corp., maker of Hostess Twinkies, Ding-Dongs, and Wonder Bread, among other nutritionally vacant delights. The sentiment behind most of the posts is one of sadness at the pending disappearance of the products, along with rampant nostalgia for the days when we all carried them in our lunchboxes.
They'd have slimmed down, modernized, and de-calcified an industry that found itself so fundamentally screwed-up and upside down that it managed to take down its entire home city with it. They'd have invested in new, labor-saving and quality-improving technologies, and rather than a perpetually ailing "Sick Man" of the auto industry, we'd have a more focused, more efficient, and more innovative industry powerhouse on our hands. The new company's suppliers would likely mirror that investment, too, with new plants and new jobs to fuel a resurgent American auto industry.
That, in turn, would have benefited our entire national economy, helping it prepare for an ever more competitive future, and ultimately throwing off greater income and wealth for its workers, investors, and suppliers. In short, it would have helped contribute to the prosperity of every American.
Giving them money to buy more Twinkies. The system works brilliantly, if it's allowed to.
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I wish we could say the opposite about the financially disastrous, US-government-subsidized Chevy Volt, but we can't. The fact that the Invisible Hand will ultimately keep us in golden sponge cake reveals everything about what goes wrong when the bumbling hand of politics intervenes in free markets, as it did in the case of General Motors.
As you've by now read over and over via today's dominant Facebook/Twitter meme, we are about to see the death by liquidation of Interstate Bakeries Corp., maker of Hostess Twinkies, Ding-Dongs, and Wonder Bread, among other nutritionally vacant delights. The sentiment behind most of the posts is one of sadness at the pending disappearance of the products, along with rampant nostalgia for the days when we all carried them in our lunchboxes.
MINYANVILLE ORIGINAL Reports of the death of Twinkies have been greatly exaggerated. You can bet your less-than-a-UAW-worker's next paycheck that the delightfully unnatural confections and wondrous white breads from Interstate Bakeries Corp. are not going away, news stories to the contrary notwithstanding.
I wish we could say the opposite about the financially disastrous, US-government-subsidized Chevy Volt, but we can't. The fact that the Invisible Hand will ultimately keep us in golden sponge cake reveals everything about what goes wrong when the bumbling hand of politics intervenes in free markets, as it did in the case of General Motors.
As you've by now read over and over via today's dominant Facebook/Twitter meme, we are about to see the death by liquidation of Interstate Bakeries Corp., maker of Hostess Twinkies, Ding-Dongs, and Wonder Bread, among other nutritionally vacant delights. The sentiment behind most of the posts is one of sadness at the pending disappearance of the products, along with rampant nostalgia for the days when we all carried them in our lunchboxes.
They'd have slimmed down, modernized, and de-calcified an industry that found itself so fundamentally screwed-up and upside down that it managed to take down its entire home city with it. They'd have invested in new, labor-saving and quality-improving technologies, and rather than a perpetually ailing "Sick Man" of the auto industry, we'd have a more focused, more efficient, and more innovative industry powerhouse on our hands. The new company's suppliers would likely mirror that investment, too, with new plants and new jobs to fuel a resurgent American auto industry.
That, in turn, would have benefited our entire national economy, helping it prepare for an ever more competitive future, and ultimately throwing off greater income and wealth for its workers, investors, and suppliers. In short, it would have helped contribute to the prosperity of every American.
Giving them money to buy more Twinkies. The system works brilliantly, if it's allowed to.
Article Source