Thursday, October 14, 2010

The Chilean mine rescue proves that I'm right about everything

Wall Street Journal's Daniel Henninger --

When a catastrophe like this occurs—others that come to mind are the BP well blowout, Hurricane Katrina, various disasters in China—a government has all its chips pushed to the center of the table. Chile succeeds (it rebuilt after the February earthquake with phenomenal speed). China flounders. Two American administrations left the public agog as they stumbled through the mess. 

Apparently drilling down to a specific spot to save 33 people is the same as ameliorating the consequences of a flood or oil spill affecting thousands of square miles of ocean and land and millions of people.  Good to know.

Also, Chile has just decided to raise taxes on mining companies to pay for that earthquake rebuilding that Henninger says is already done.  This honeymoon might not last long.

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