Via the Web Briefing, Jim Manzi writes in today’s New York Post:

IN declaring bankruptcy, General Motors appears to have finally accepted reality: In terms of employment, America is no longer in the transition to a services economy from a manufacturing economy; it has arrived. And GM is just getting with the program.
The ongoing stay of execution for America’s automakers represents an attempt to resist this inevitability.
So, despite its glorious past, the entire Detroit ecosystem (in addition to GM, that includes Ford, Chrysler and their suppliers and dealers) is either going to have to go through the functional equivalent of bankruptcy or become a ward of the state.

The rest here.