Twinkies to the Twinkiemen!
This would have been a sad day for Murray Rothbard, who loved Wonder Bread (and often used it in examples, as he did here (PDF) and here (audio)). Hostess, the maker of Wonder Bread and Twinkies has folded, thanks to a nationwide strike. Would syndicalism, distilled by the old slogan, "railoroads to the railroadmen, mines to the miners!" save the day? Mises Daily author Peter Earle (sarcastically) considers the question when he writes,
"The death of Hostess is a shame, but luckily the workers can - according to one theory - "seize the means of production". I don't know about you, but I feel confident about the prospects for Twinkie and Ring Ding filler machine operators and straight-job truck drivers filling the CEO and CFO seats."