Role of Government

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Let Detroit Face The Music

A bailout would only buy time, allowing Detroit to make it to the next bailout, with government running the show in an increasingly distorted and regulated market. A bankruptcy process should install a permanent reorganization, with the companies (or whatever combination emerges) still part of a viable auto industry operating in a genuine market.

Now for the Real Shock Doctrine

As we are now witnessing, Klein’s disaster capitalist complex is a mythical creation, the shock doctrine of disaster capitalism an artificial construct. Disaster capitalism never got off the ground. From Russia to Canada to Europe and the United States under Franklin D. Roosevelt’s New Deal, there isn’t a country in the world that hasn’t undergone the experience of a political takeover by the left on the wave of a crisis.