Monday, December 12, 2011

U.S. Steel Loses Its Appeal, So Harper Government Capitulates

Those who think that unfettered capitalism is the greatest gift to humanity imaginable will rejoice in the news that even though American steel giant U.S. Steel lost its appeal against the Canadian federal government that was seeking a $10,000 daily fine for the company's failure to live up to employment commitments in its Hamilton Ontario facility, the Harper government has dropped its lawsuit on the promise that the company will keep operations going until 2015.

Those who believe that unfettered capitalism is the greatest curse visited upon humanity may have a different reaction to the news, and may draw the inference that the Harper government was never serious about its lawsuit, but only launched it, under the auspices of then Industry Minister Tony Clement, in anticipation of an election.

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