Skip to main content

View Diary: I agree with The American Conservative. Wait, what? (241 comments)

Comment Preferences

  •  here's another good bit: (16+ / 0-)
    Characteristic of the era was the widely misquoted and misunderstood statement of General Motors CEO and Secretary of Defense Charles E. “Engine Charlie” Wilson, who said he believed “what was good for the country was good for General Motors, and vice versa.” He expressed, however clumsily, the view that the fates of corporations and the citizenry were conjoined. It is a view a world away from the present regime of downsizing, offshoring, profits without production, and financialization. The now-prevailing Milton Friedmanite economic dogma holds that a corporation that acts responsibly to the community is irresponsible. Yet somehow in the 1950s the country eked out higher average GDP growth rates than those we have experienced in the last dozen years.

    An ambulance can only go so fast - Neil Young

    by mightymouse on Tue Sep 04, 2012 at 05:14:25 AM PDT

Subscribe or Donate to support Daily Kos.

  • Recommended (143)
  • Community (62)
  • Baltimore (45)
  • Bernie Sanders (37)
  • Civil Rights (35)
  • Culture (28)
  • Elections (22)
  • Economy (21)
  • Freddie Gray (21)
  • Rescued (20)
  • Education (20)
  • Racism (20)
  • Law (20)
  • Hillary Clinton (19)
  • Labor (18)
  • Politics (17)
  • Media (16)
  • Environment (16)
  • Texas (16)
  • 2016 (15)
  • Click here for the mobile view of the site