Financial Times: The Anti-Technology Bail-Out, Thomas Hazlett

With Detroit’s auto-makers flat on their financial backs, GM, Ford and Chrysler are begging for at least $25bn in public subsidies. They hold 250,000 auto workers – and, implicitly, the US economy – hostage. The ransom note reads: send us the money or unemployment will soar, consumer markets will tank and millions will lose.  Full article available on ft.com. http://www.ft.com/cms/s/0/b7bbd8f4-bfc0-11dd-9222-0000779fd18c.html.  Also available by [PDF Download] on Prof. Hazlett’s faculty profile.

 

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