Writes a friend about the pro-mercantilist auto industry: Last week the [American car] company sent us a long e-mail encouraging employees to call their congressman to support a bail-out, and to encourage all their friends and neighbors to do so. In my 10+ years of working at the company I have not yet heard a single executive explain how we can compete against foreign automakers with a $1000-1500 cost disadvantage per vehicle to fund pension and labor obligations. Never. Now they want the taxpayer to cover the cost to ‘protect workers.’ What the heck is Social Security and unemployment insurance … Continue reading The Big Three Mafia