The productive use of capital is not an automatic process ... It is all about constant experimentation. And it is never permanent: Railroads were once tremendously productive, so were steamships and even Kodachrome. It takes work, year in and year out—update, test, tweak, kill off. Staples is under fire from Amazon and other productive online retailers. Its stock has halved since its 2010 peak and is almost at a 10-year low. So be it.RTWT.
With all the iPads and Facebook and cloud-computing growth, why is unemployment still 8.2% and job creation stalled? My theory is that productivity is always happening but swims upstream against those that fight it. Unions, regulations and a bizarre tax code that locks in the status quo.
In good times, no one notices. But in slow-growth economies, especially in the last 10 years, regulations and hiring rules and employer mandates and environmental anchors have had a cumulative dampening effect on productivity.
How can government do the right thing to help productivity and the employment it fosters? Get out of the way. Every government-mandated low-flow toilet, phosphorous-free dishwasher detergent, CFL light bulb, and carbon-emission regulation is another obstacle on the way to a productive, job-creating economy that produces things consumers really want.
Related Posts
Milton Friedman Would Have Turned 100 Today
At Reason, "Vid: Happy 100th Birthday to Milton Friedman!"And see Stephen Moore at the Wall Street Journal, "The Man Who Saved Capitalism" (via Memeor...Read more
Promote Free Markets as the Best Way to Reduce Poverty
I've run this video before, but hey, it's good. Here's Hadley Heath for the Center for Freedom and Prosperity, via Astute Bloggers, "VIDEO: PROSPERITY...Read more
Chicago Newlywed Beth Alberts Rebukes Anti-Capitalist Protesters at NATO Summit: 'Let's Get Out of Here!'
Reports indicate she was "horrified" at the sight of the anti-capitalist pigs.See London's Daily Mail, "Stop Occupying my wedding! Moment furious brid...Read more
'Earned Success' and American Values
From Arthur Brooks, at the Wall Street Journal, "America and the Value of 'Earned Success'."And Brooks' new book is here: The Road to Freedom: How to ...Read more
Progressives Attack Paul Ryan: 'Zombie-Eyed Granny-Starving Wingman'
It begins.Team Obama's already out of the blocks with a web-ad hit piece, via Gateway Pundit, "Let the Smears Begin!… Team Obama Releases Anti Romney-...Read more
#RomneyRyan2012 — Mitt Romney Announces Paul Ryan as Vice Presidential Nominee
I'm tired. I stayed up past Midnight. After I woke up to pee I realized Romney'd be making his announcement in less than an hour. So I got up. I haven...Read more
City of Arcata Cracks Down on Panhandlers
Arcata's way up in Northern California, an area known for far-left politics.So this is interesting, "Panhandling in Arcata tests the city's tolerance....Read more
Interview Tips
Via Call Me Stormy, "So You’re Looking for Work":Read more
0 comments:
Post a Comment
Click to see the code!
To insert emoticon you must added at least one space before the code.