This is truly, truly amazing. A (supposedly) decidedly capitalist society like the United States decided to practically nationalize its automakers … while an (officially) Socialist society like Sweden has been unequivocal in stating that it’s not ready to own car companies yet.

Read all about it here.

Think about how crazy something like that sounds: a laisses faire country bailing out private businesses, and a centrally-planned country allowing free markets to work … up is down, black is white, and what they teach in college is nonsense.

Saab

Although most can point to how GM destroyed a Swedish marquee, it’s amazing to me how neither GM nor the Swedish government are willing to “save” the company!  Perhaps it’s the good sign of the things to come, and more governments will follow Sweden’s example … Although who am I kidding … there will be more bailouts, more “too big to fail” mentality, and more maternal “we need to take care of everyone” attitide …