Hat tip to Mish for this explanation of how government ruined one of the wealthiest cities in the world:

-

Now, if the government had let Chrysler and GM go under, their factories would have been bought by Toyota and Honda and their employees would be turning out cars that people actually want, not gems like the Aztec:

.
.
.
.
.
.
.
.
.
.
.
.
.
.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • NewsVine
  • Reddit
  • Technorati