Wednesday, December 3, 2008

In The News (Bailing Out the Big Three)

The CEOs of GM, Ford and Chrysler are back in Washington again, asking for a hand-out.

I don't think I can say anything that hasn't already been said about this latest, particularly conspicuous example of what Gore Vidal famously called "free enterprise for the poor and socialism for the rich" (or, what Vladimir Lenin, some seventy years earlier, called "socialism with capitalist appropriation"), except that it's interesting that Chrysler (from 1998 to 2007, a Mercedes property) became American "again" just in time to hit up the Federal government for cash.

The Way Forward on Energy
Putting the Bailout into Context

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