Wednesday, December 02, 2009

Government Motors 1975

Something to remember when you go to buy a new General motors or Chrysler product:

Claire Berlinski, City Journal Autumn 2009
After the Second World War, the United Kingdom’s newly elected Labour government resolved to build of Britain a New Jerusalem. It nationalized the commanding heights of the economy and inaugurated the cradle-to-grave welfare state. By the 1970s, the UK faced an economic crisis unrivaled since the Great Depression. Shabby and hopeless, Britain had become, in Henry Kissinger’s words, a “tragedy” of a nation, reduced to “begging, borrowing, stealing.”

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