Independent Investigative Journalism Since 1995 |
Bush End Game Bush - Second Term Bush - First Term Who Is Bob Gates? 2004 Campaign
Behind
Colin Powell's Legend
The
2000 Campaign
Media
Crisis
The Clinton Scandals Nazi Echo The Dark Side of Rev. Moon Contra Crack Lost History The October Surprise
"X-Files"
International |
The automobile industry is at a crossroads that may demand a more daring direction than the current course being set by the corporations and the Obama administration.
New School economist Richard Wolff says the importance of the auto industry is so great that the only answer may be to engage in some form of nationalization. (The story summary continues below.) "If we say something is too important to let it die, too big to fail, then we're saying it's so important to the society as a whole, but if it's that important, it can't be in the hands of a few people in the first place,” Wolff says. “If you're too big to fail, you’re too big to be in private hands." Wolff adds that the present course will lead the U.S. economy and the world into chaos. "We have an unknown situation, the outcome of which could be very bad, we actually have a vision of that already, Mexico, it's a society in free fall," he says. TheRealNews.com is an independent news network that produces stories of global interest. To comment to us by e-mail, click here. |
|
RSS Feed
Home
Links
Contact Us
Books
Email