A Czech arms company has bought America’s classic Colt. It is not a joke; it is a sign of times at several levels.

First, American brands still have the magic.

Second, foreigners feel safe enough to invest in American products.

Third, at least at this level, capitalism works.

And fourth, Czechia has come into its own: from a Communist basket case in the greater Soviet co-misery sphere to a free market powerhouse, or at least seriously on the way to claim that status.

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