Academic

TIGERHAWK: The GM bankruptcy and a test for American socialism. ?The federal government and the wo?

By Glenn Reynolds

TIGERHAWK: The GM bankruptcy and a test for American socialism. “The federal government and the workers will own one of our largest and most storied industrial companies. That has never really happened before. In other words, the governmental restructuring of General Motors is a social experiment that will shortly teach us two things: Whether businesses can be managed to a profit when in the hands of bureaucrats and union officials, and whether American consumers will trust such people to stand by the products that they make. I, for one, am eager to learn the answer, because it will tell us what we should and should not do about health care.”

Full post as published by Instapundit.com on April 28, 2009 (boomark / email).