Being the good ideologue that she is, Neill totally ignored America's remarkable job-creation record. Her attitude seems to be, if the facts don't fit, don't print 'em. Now I have already dealt with this. As we have seen, it is the unionocracy that is lengthening the Australian dole queue by refusing to allow labour markets to clear. Instead she wantonly blamed executives for Australia's rising unemployment.
Companies are intermediaries between the factors of production and consumers.
Their existence makes possible not only lower prices but the production of a vast range goods and services that would otherwise never be produced. But to succeed in producing an increasing range of improved goods and services at lower real prices they must be free, as I have already pointed out, to arrange their factors so as to minimise their costs of production. Being forced to do otherwise would only lower productivity output, investment and thus living standards. Now it often comes to pass that in order to survive companies need a severe shake out. That this can involve large-scale sacking is regrettable but necessary to maintain the firm's existence.