All Posts Tagged With: "Chrysler"

The Importance of Failure

In today’s society failure has become something to fear, avoid, and therefore prevent at all costs. Whether it is unemployment compensation, farm subsidies, or bailouts for failing companies, the world seems to view failure as having no redeeming social value. If success is all good and failure is all bad, then it seems as though [...]

26Oct2011 | and and Steven Horwitz | 11 comments | Continued

Let’s Take the “Crony” Out of “Crony Capitalism”

When Judge Richard Posner, the prolific conservative intellectual, released his book A Failure of Capitalism: The Crisis of ’08 and the Descent Into Depression last year, you might have thought the final verdict was in: Capitalism caused the economic downturn and high unemployment. That this verdict was pronounced by someone like Posner, who is associated [...]

24Mar2010 | John Stossel | 4 comments | Continued

Political Bankruptcies: How Chrysler and GM Have Changed the Rules of the Game

The topic of corporate bankruptcy law scarcely titillates the imagination of ordinary citizens, even those with a deep interest in constitutional and public affairs. Harried people treat bankruptcy almost dismissively as a useful way of winding up firms that cannot keep their financial heads above water. In practice they sense rightly that the corporate bankruptcy [...]

18Nov2009 | Richard A. Epstein | 12 comments | Continued

Government Motors

Government Motors by Michael Heberling Michael Heberling (mheber01@baker.edu) is president of the Baker College Center for Graduate Studies in Flint, Michigan. If Washington owns it, it just can’t keep its hands off. —Senator Lamar Alexander Twenty-five years ago President Reagan told auto workers in Orion, Michigan, “You’ve demonstrated when the chips are down, what people [...]

23Oct2009 | Michael Heberling | 6 comments | Continued

Chrysler's Government-Sponsored Bankruptcy

Is anyone disturbed by the role the executive branch is playing in Chrysler’s bankruptcy? Here’s how the Wall Street Journal report began, President Barack Obama pledged to give Chrysler LLC “a new lease on life” by ushering the storied auto maker into a bankruptcy reorganization that will empower its union and put Italy’s Fiat SpA [...]

1May2009 | Sheldon Richman | 1 comment | Continued

Bailing Out the Big Three Repeats Britain’s Mistake

A major reason for any kind of historical writing is to provide guidance for the present. As we read an account of the past, we may see similarities to the present and (we may hope) avoid repeating the same kinds of mistakes. In this sense historiography forms part of the collective memory of a society [...]

28Feb2009 | Stephen Davies | 3 comments | Continued

Business and Ethics

The Rev. Edmund Opitz is a contributing editor and a former member of FEE’s staff and board of trustees. This is reprinted from the December 1983 issue of The Freeman: Ideas on Liberty. Mr. X manufactures gizmos in a plant which uses the varied skills of a thousand employees. These people might cheerfully acknowledge that [...]

1Jan2004 | Edmund A. Opitz | 2 comments | Continued

Captain Consumer

“The direction of all economic affairs is in the market society a task of entrepreneurs. Theirs is the control of production. They are at the helm and steer the ship. A superficial observer would believe that they are supreme. But they are not. They are bound to obey unconditionally the captain’s orders. The captain is [...]

1Feb1999 | Sheldon Richman | 0 comments | Continued

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