Free Market Friday: A tale of two sectors
June 23, 2017 - 8:22am CDT
Here’s a tale of two sectors.
Sector One is in a slump, due to declining prices. Its income has fallen significantly – by nearly 60 percent – and there’s no sign of dramatic improvement any time soon. Sector One faces cash flow concerns and capital and financing concerns. So, Sector One faces reality and significantly cuts costs. That’s called good sense and responsibility.
Sector Two is facing the same downturn. But its managers and employees stubbornly resist every call to cut spending. Instead, they demand that their customers and funders pay more and enforce that demand by initiating laws that would actually hurt even more of those customers and funders.
Read the rest over on The Journal Record.