Europe's political leaders are getting a rough but necessary lesson in the workings of the free market this autumn, courtesy of events in Ireland and at Airbus. If they are smart, they will step back from the mess they have helped to create and allow Schumpeter's "creative destruction" to take its course. Ryanair's potential takeover of Aer Lingus may not be the outcome the Dublin government envisioned when it finally got around to privatizing the carrier, but its claim to oppose Ryanair's ...

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