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    Capitalism: Making Tires Safer and Most Things Better

    Humans have been using tires since the dawn of the automotive age. But today’s tires aren’t much like their predecessors. Instead of being made with natural rubber, for example, they’re fashioned from layers of materials, including textiles and steel. This is a perfect example of what economist Joseph Schumpeter meant … More

    Waxman Markey Cap and Trade’s Biggest Losers: Paper, Plastics and Rubber

    We continue to highlight particular industries hit hard by the Waxman-Markey cap and trade bill. The next three, although technically classified as two categories, are also energy-intensive subsets of the manufacturing sector. The North American Industry Classification System (NAICS) classifies the plastics and rubbers products industries as a manufacturing “subsector … More