The Corner

Three Wheels on my Wagoner

Kathryn, this GM/Chrysler thing is bad. Really bad. The descent into corporatism will doom America: The government is not competent to pick winners and losers, and will mire us in long-term Continental-style economic stagnation if it persists.

Aside from anything else, it should be disturbing that GM appears to have evolved into what Canada calls a “Crown corporation” without its nominal owners having any say in the matter. (If you’re thinking “Crown corporation” sounds like a contradiction in terms, you’re right.)

The Lileks/Kaus reactions are worth reading. The Obama economy is shaping up not just as a Carteresque decline but a global tragedy. 

Mark Steyn is an international bestselling author, a Top 41 recording artist, and a leading Canadian human-rights activist.

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