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Bail Out or Build Anew
(Note: Reprinted from my website.)
As speculation continues over whether, and how, the Bush administration will choose to tap the TARP for $14 billion to bail out two enormous, domestic-owned automobile manufacturers, little discussion is given to whether there is a better way. While people debate the wisdom of keeping alive companies that have made many terrible business decisions in the past, nobody is debating whether to switch from automobiles to some other form of transportation. We should.
Our blindness to transportation systems other than automobiles is nothing new, and is the result of decades of propaganda, as well as monopolist and other crooked business practices, in the auto industry and related businesses. read more »



