Has industry sold America's free-market soul for bailout money?

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By Guest Column —— Bio and Archives March 31, 2009

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Industrial Policy: The U.S. government dictating a major corporation's merger partner and who its CEO should be was unimaginable a year ago. Has industry sold America's free-market soul for bailout money?

A president of the United States orders the chief executive officer of General Motors to resign. The same president is further ordering Chrysler to merge with Fiat, the Italian firm specializing in flimsy cardboard boxes on wheels. This new reality should send a chill down the spines of all Americans. The federal government has begun to run U.S. companies. More...

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