Thursday, November 21, 2013

Speaking of Retaliation...

#1 Blogdaughter sends in this interesting article.

'Buckyballs' magnate says feds took him down for speaking out
Craig Zucker believes he had a "great American success story" until federal regulators shut him down for speaking up, and now the entrepreneur is fighting back.

Scraping together $2,000 with a partner, Zucker in 2009 began importing small, high-powered magnets from China. Dubbed "Buckyballs," the BB-sized magnets could form all kinds of shapes and quickly became a hot seller. A year of trade shows, blog posts and word of mouth brought sales to $10 million, and Zucker projected more than doubling that by 2012. With his product in 1,500 stores, the 34-year-old Zucker was living his entrepreneurial dream.
Ah, it's the timeless story. Entrepreneur makes millions off a brilliant idea. Government gets pissed off that someone dared be successful. Government uses the full weight of the government nanny state to crush entrepreneur. Entrepreneur fights back. Government then sets to personally destroying entrepreneur...

Because, you know, nothing says "consumer protection" like forcing a small business to fold under the threat of crushing legal bills, right? Especially when it's over some dubious claim that - through deliberate misuse - children were being hurt? I mean, they're swallowing these magnets and then causing internal injury? Is that like the kids that are dying because they're huffing Scotchguard and suffocating? Pretty much anything can be misused, yet precious few companies are hounded out of existence.

I'll bet, though, that there's a nearly 1:1 correlation between "companies that dared go against the government" and "companies that were destroyed by the government"...

That is all.

3 comments:

Stretch said...

"Nice company you've got there. Be a shame if something happened to it."

Elect Chicago politicians get Chicago politics.

Roger said...

Perhaps he failed to make a large enough donation to the dimocrat national party?

Ted said...

...... Or any donation at all. It's surprising how small a "donation" is needed to secure a big contract. Don't ask me how I know