On Detroit Automakers

We’ve seen this already on Wall Street and now we’re hearing it out of Detroit: some corporations are too big to fail. I don’t have any answers, but I have more questions:

  1. What does this say about our “free” market economy?
  2. It is not possible to prop up the Big Three/Two forever. If they can’t be turned around, how do we let them fail gently?
  3. Is there much we can do in Canada anyway, or is all this worrying for nothing? I imagine nationalizing GM Canada (just for example) would be a big no-no.

(photo credit)

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One response to “On Detroit Automakers

  1. Oh … nice sign that says a lot about society.

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