For many, this will be a sad day indeed. Hostess Brands, a long-time purveyor of myriad combinations of industrially processed hydrogenated trans-fats and high-fructose corn syrup, has announced that it will file for Chapter 7 liquidation. Kaput. Why? They’ve been squeezed to death by various labor unions, who are now losing their jobs as a result.
Oh, what word should a free-marketeer use to describe this turn of events??? How about “ambivalence”?