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The President And The Customers

by William Murchison

The reason capitalism works and government doesn't is ….

Let's hold that consequential thought for a moment. Hats must come off first in memory of General Motors. Recollections of Engine Charlie Wilson stir — Wilson, who, as GM president, took a public hammering when he ventured accurately that what was good for the country was good for GM "and vice versa." He didn't mean taxpayer-financed ownership and bureaucratic oversight. He meant profits and prosperity — obj ...

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