Wednesday, September 07, 2011

Another One Bites the Dust...

High-end luxury Steuben Glass is closing . . .

Way - to - go N.Y. - not!

1 comment:

Dave said...

Whaddaya mean, "Way - to - go N.Y. - not!"

They are closing because their market has evaporated due to changing consumer tastes. They are NOT closing because the jobs are being shipped overseas. They are NOT closing because they were bought out by a Guatemalan swimming pool manufacturer who wants to fill up the glass works with water for testing. They are NOT closing because Bank Of America called in their loans to pay bank executives bonuses. They are closing because of a basic principle of capitalism and democracy. They are closing because no one wants their product.
Three cheers for Adam Smith!