"State capitalism works. ... What’s not yet clear is exactly for whom it works.
...
"Now we have the same company [GM] (freed of its creditors) making the same kinds of autos, paying its workers less and planning, over time, to refocus its production on China — all aided and abetted by governments here.
"It has all been a great success. I’m so glad we could help."
Full article: Thomas Walkom: Sure the GM bailout worked. For GM
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