Auto Bailouts Will Give Us Detroitsky
A Chapter For Detroit To Open
Wouldn't it be great to live in a world where everything was free? You sure?
Plants are people too..?
Detroit: Same Old, Same Old
Detriotsky is right! I sometime scare myself with my own prognostication before the pundits publish the same thing.
Incredible.
Here's one I like - stimulate our schools to build more scientists and engineers:
http://www.forbes.com/2008/11/17/crisis-stimulus-china-oped-cx_tfc_1118cooley.html?partner=links
"a czar or board to oversee the companies"—call it Gosplan—which will supervise "a restructuring of the auto industry." That's exactly what Detroit needs to recover: the benefit of government central planning.
I've been thinking about this - while long term central planning has historically been a recipe for disaster, how do you deal with a situation where badly managed companies need(?) to be bailed out partly (if not largely) due to bad management?
Can short term central planning be a solution? Not, I believe, unless someone also takes a hard look at the effect of UAW on production.
Union jobs are typically anti production... as in... if you need help the person will tell you "aint my job" and leave you out to hang