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Monday, January 3, 2011

Commerce Secretary Pledges to Increase Exports

“Some business leaders have complained that the administration has demonized them in its rhetoric while hamstringing them with new environmental, health-care and financial industry regulations. [Commerce Secretary Gary] Locke, however, says the tension has not been obvious in his job, which requires constant interaction with business leaders. In 2010, Commerce coordinated 31 trade missions in 31 countries with 368 companies. Participating companies anticipate $2 billion in increased exports from the missions, the department says. In 2011, Locke is scheduled to lead four trade missions.” (Washington Post)

Capitalists socializing the costs of exporting.

FEE Timely Classic
“Business–Government Collusion” by Eric-Charles Banfield