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<blockquote data-quote="tonyexpress" data-source="post: 776741" data-attributes="member: 1940"><p><strong><span style="font-size: 15px"><a href="http://online.wsj.com/article/SB10001424052748703673604575550322091167574.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird" target="_blank">Capitalism Saved the Miners</a> </span></strong></p><p> </p><p><strong><span style="font-size: 10px">The profit = innovation dynamic was everywhere at the mine rescue site.</span></strong></p><p> </p><p> </p><p>It needs to be said. The rescue of the Chilean miners is a smashing victory for free-market capitalism. </p><p> </p><p>If those miners had been trapped a half-mile down like this 25 years ago anywhere on earth, they would be dead. What happened over the past 25 years that meant the difference between life and death for those men?</p><p> </p><p>Short answer: the Center Rock drill bit.</p><p> </p><p>This is the miracle bit that drilled down to the trapped miners. Center Rock Inc. is a private company in Berlin, Pa. It has 74 employees. The drill's rig came from Schramm Inc. in West Chester, Pa. Seeing the disaster, Center Rock's president, Brandon Fisher, called the Chileans to offer his drill. Chile accepted. The miners are alive. </p><p> </p><p>The U.S. has a government led by a mindset obsessed with 250K-a-year "millionaires" and given to mocking "our blind faith in the market." In a fast-moving world filled with nations intent on catching up with or passing us, this policy path is a waste of time.</p><p> </p><p>The miners' rescue is a thrilling moment for Chile, an imprimatur on its rising status. But I'm thinking of that 74-person outfit in Berlin, Pa., whose high-tech drill bit opened the earth to free them. You know there are tens of thousands of stories like this in the U.S., as big as Google and small as Center Rock. I'm glad one of them helped save the Chileans. What's needed now is a new American economic model that lets our innovators rescue the rest of us. <img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></p></blockquote><p></p>
[QUOTE="tonyexpress, post: 776741, member: 1940"] [B][SIZE=4][URL="http://online.wsj.com/article/SB10001424052748703673604575550322091167574.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird"]Capitalism Saved the Miners[/URL] [/SIZE][/B] [B][SIZE=2]The profit = innovation dynamic was everywhere at the mine rescue site.[/SIZE][/B] It needs to be said. The rescue of the Chilean miners is a smashing victory for free-market capitalism. If those miners had been trapped a half-mile down like this 25 years ago anywhere on earth, they would be dead. What happened over the past 25 years that meant the difference between life and death for those men? Short answer: the Center Rock drill bit. This is the miracle bit that drilled down to the trapped miners. Center Rock Inc. is a private company in Berlin, Pa. It has 74 employees. The drill's rig came from Schramm Inc. in West Chester, Pa. Seeing the disaster, Center Rock's president, Brandon Fisher, called the Chileans to offer his drill. Chile accepted. The miners are alive. The U.S. has a government led by a mindset obsessed with 250K-a-year "millionaires" and given to mocking "our blind faith in the market." In a fast-moving world filled with nations intent on catching up with or passing us, this policy path is a waste of time. The miners' rescue is a thrilling moment for Chile, an imprimatur on its rising status. But I'm thinking of that 74-person outfit in Berlin, Pa., whose high-tech drill bit opened the earth to free them. You know there are tens of thousands of stories like this in the U.S., as big as Google and small as Center Rock. I'm glad one of them helped save the Chileans. What's needed now is a new American economic model that lets our innovators rescue the rest of us. :peaceful: [/QUOTE]
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