Nationalize GM and Chrysler if necessary.

Rather than allowing the technological base of GM and Chrysler to just go to rust, I see nothing the matter with nationalizing them.

Some of the "Free Market" nitwits say that we should just allow them to go bankrupt and then new car companies could arise.

Yeah, right. Do any of these pea-brains have any idea of how many years it takes to build a major auto company? Try DECADES.

And in fact, maybe never. A start-up auto company today might not even have a prayer against the Japanese and Korean companies.

Why should a couple century-old companies be allowed to collapse into rust just because the idiotic stock market is having one of it's periodic spasms?

There is nothing holy about capitalism. If it works, then great. If it doesn't work, then replace it with something else. Screw it.

Capitalism no longer seems to do a particularly good job at doing what an effective economic system is supposed to do. What an effective economic system is supposed to do is to cause the creation and distribution of wealth in some reasonably equitable way across a society.

When you have people with $50 billion dollars at the same time that you have homeless people who want to work, but can't find jobs, then the economic system is seriously defunct. Not to mention that America is now $1,000,000,000,000,000,000,000 dollars in debt (roughly).

Draft 1, 4/27/09.