Picture taken on August 15, 2016. dig thisREUTERS/Michaela Rehle More FRANKFURT (Reuters) – The chairman of German industrial gases group Linde said U.S. rival Praxair would still be the best partner for it but he did not foresee that merger talks would immediately resume after Linde’s two top executives quit. “This question does not arise at the moment,” Wolfgang Reitzle told German business daily Handelsblatt in an interview published on Wednesday, when asked whether there would be a new run at the talks, aimed at creating a $60 billion (45.37 billion pounds) global industry leader. Linde said on Tuesday its chief executive and finance chief would quit after the merger talks fell apart, leaving Reitzle as the most powerful man at Linde and raising the prospect that the talks could be revived. Asked about the possibility of merging with Air Products instead, Reitzle said: “That is a completely different business model. Praxair would be the best partner for us.” Reitzle said conflict between the two top executives had hindered the merger talks. “When there is no team spirit in the management, this can block decisions.” He added that opposition from Linde’s labour representatives to moving key functions to the United States had also played “a certain role” in the talks’ collapse. (Reporting by Georgina Prodhan; Editing by Maria Sheahan) Reblog
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Smiths third use in the Wealth of Nations parallels Cantillons model of the economy which shows that there are embedded interests in entrepreneurs to make the most out of their resources and that this well serves the interests of consumers. Cantillon shows that entrepreneurs, wage rates, and trade were well regulated, a term used throughout his Essay and it does not mean government regulation, but rather self-regulation. Gregoire Canlorbe: Misess motto, which youve made yours, was this Virgil quote: Do not give in to evil but proceed ever more boldly against it. You probably know what Machiavelli did retort to it incidentally. As he wrote in The Prince, How one lives is so far distant from how one ought to live, that he who neglects what is done for what ought to be done, sooner effects his ruin than his preservation; for a man who wishes to act entirely up to his professions of virtue soon meets with what destroys him among so much that is evil. What would be your counter-attack in defense of the Misesian mantra? Mark Thornton: I admit that living up to this motto is a mighty task. It comes at a cost in this world. It is far easier to choose the dark side, or to just ignore your social obligation to a free society. These people generally benefit materially and gain greater prestige. I also will admit that there is much that is evil in the world today, but at least I was not targeted by the Nazis and Commies the way Mises was.
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