The Post Office, Toyota and a Tale of Two Earthquakes
March 12, 2010 by Chip Wood
*Solving the problems with the Post Office. I see that once again, someone has suggested that the Post Office solve its chronic budget deficits by closing shop on Saturdays. I’ve got a much better idea. It’s one I first offered on my radio show about 30 years ago: Let’s just give the whole dang operation to Federal Express. Would delivery improve? You betcha. And instead of subsidizing thousands of buildings, tens of thousands of employees, and a zillion or so vehicles, governments at every level would start making money from property and vehicle taxes. I think it’s a win-win-win for everyone.
*Why Toyota is such a juicy target. If you’ve been wondering why Toyota has suddenly been getting a million tons of negative publicity, I’ve got an idea you may wish to consider. It’s not because misplaced floor mats or electronic problems have killed a slew of people. It’s because Toyota is sitting with 40 billion bucks in the bank. The company is the richest target trial lawyers have found in years. No wonder the legal wolves are salivating.
*Why Haiti suffered so much more than Chile. Did you know that the earthquake that hit Chile two weeks ago was several hundred times stronger than the one that devastated Haiti? Why then did Haiti suffer a hundred times more damage and deaths? I suggest it’s because most Haitians lived in ramshackle shacks, with virtually no services or protections, under one of the most dysfunctional governments in the world. Chile, on the other hand, once it was freed of its Marxist rulers, built modern buildings and developed superb services and infrastructure. To ask it another way, why was one country so rich and the other so poor? Because one respected private property, encouraged free enterprise and rewarded thrift and industry. Guess which one.