Saturday, August 09, 2014

Socialism

The Malaysian government decides to completely socialize Malaysian Airlines.
"Of course, the transfer of the remaining ownership to government will not save the struggling firm, and if anything we should expect its fortunes to decline even further. More state ownership will only complete Malaysian Airlines’ insulation from anything resembling genuine markets, and eliminate any entrepreneurial drive toward satisfying consumers."
Yep.

People accused of wasting water in California attend water school to avoid fines.

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