Opinion

Capitalism in time saves mine

Ron Hart Contributor
Font Size:

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” — Adam Smith

An interesting side debate has emerged in the wake of last week’s rescue of the thirty-three Chilean miners who were trapped two thousand feet underground for more than two months. Was it capitalism that got the miners out of their hole, or was it government?

The miners came out squinting like men being perp-walked after a late afternoon raid on a strip joint by a sheriff running for reelection, just in time for the evening news.

Hardballer Chris Matthews (except when he interviews Democrats and then he is a soft- baller) used the event to take a swipe at the left’s new enemy, the Tea Party. Had the Tea Party had its way, he opined, all the miners would have killed each other. In fairness, had the left had their way, they would have declared the mine a gay night club and given it stimulus money.

It is clear to me that it was innovative and profit-driven “evil” businesses that had the heft and know-how to spring the trapped men from the mine. Similar to the case of our Gulf oil spill, government did not have the intellectual capital or the tools (ironic, because there are so many tools working in government) to remedy the situation. They had to rely on the expertise and the business imperative of the private sector.

Just as the Minerals Management Service was in bed with BP (the firm with more than 90% of the safety violations but still allowed to operate, thanks to being the #1 donor to Obama and other politicians), the Chilean government failed in its task to regulate this mine.

Speaking of a group trapped way underground in the darkness, the Obama administration has tried to take the credit for the successful rescue. Various religious organizations, excited about the prospect of marketing to an emerging economy like Chile, also took credit. There was even keen interest expressed by some Catholic priests when they thought they heard that there were male minors trapped.

The reasoned observer would logically conclude that, without the research and development of cutting-edge U.S. companies, these miners would still be like our economy: stuck well below where it should be for longer than it should be. Capitalism innovates, rejuvenates and provides. As The Wall Street Journal’s Dan Henninger points out, it was a 74-person small business in Berlin, Pennsylvania that created the drill, based on (make the children leave the room as you read these two newly dirty words) “profit motive,” to free these miners.

Many are all too willing to acquiesce to the rule of a dictator who promises to keep them safe when, in reality, there is no government in history that has succeeded in doing that. In fact, government cannot even protect its citizens from itself. The best chance we have at being protected from business is that, if it makes a mistake, it will be costly in the court system and in the court of public opinion. Reputation is a business’ greatest asset; it determines its success or failure. It is protected as a sacred thing, since it is the source of future income.

Chile is not officially considered the Third World any more, although by the dress of the rescue onlookers, no one has taken the time to tell the Chileans.

Compared to countries like Venezuela, run by evil dictator Hugo Chavez, Chile is probably the most business-oriented country in the region because it listened to free-market economists like Milton Friedman more than twenty years ago. According to the CIA fact book, in 1985 Chile had about $1,300 GDP per capita on a purchasing-power basis. After years of economic reform in the direction of capitalism, it now has over $15,000 per capita. As a result, Chile was more open to the help of Western capitalists in solving the mine problem, and it worked.

As P.J. O’ Rourke mused about non-capitalist countries that, because of government-controlled planning, do not produce the goods a country really demands, “You can’t get good Chinese takeout in China and Cuban cigars are rationed in Cuba. That’s all you need to know about Communism.”

Ron Hart is a syndicated op-ed humorist, author and TV/radio commentator. Email Ron@RonaldHart.com or at visit RonaldHart.com

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel