The magic of the marketplace

Having spent a good portion of my life in the newspaper industry (as it used to be called), I always get a good laugh whenever I hear somebody chant the conservative catechism about the superiority of private enterprise over government intervention. I’ve worked in plenty of shops where the only real difference between the management and a swarm of lemmings was that the lemmings have a better sense of direction.

Apropos of which, this news story has the chief executive of Hostess Brands — manufacturer of Twinkies and Wonder Bread — trying to blame labor troubles for his decision to shut down the company. History will remember him as the only man who couldn’t sell sugar and fat to Americans. Talk about the magic of the marketplace.

ADDENDUM: Dow Jones has the scoop. Anybody who tries to blame this fiasco on the unions is full of something, and it ain’t vanilla creme.

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