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14 Nov 2008 03:04 pm
Let Detroit Go Bankrupt
David Brooks gets the balance perfectly right:
Is this country going to slide into progressive corporatism, a merger
of corporate and federal power that will inevitably stifle competition,
empower corporate and federal bureaucrats and protect entrenched
interests? Or is the U.S. going to stick with its historic model:
Helping workers weather the storms of a dynamic economy, but preserving
the dynamism that is the core of the country’s success.
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