Obama and the Reawakening of CorporatismBy Steven Malanga
But we are entering quite a different age right now, one in which the President of the United States and his hand-selected industrial overseers fire the chief executive of General Motors and chart the company’s next moves in order to preserve it. Conservative critics of the president have said that the government’s GM strategy is one of many examples of an America drifting toward socialism. But President Obama is not a socialist. If his agenda harks back to anything, it is to corporatism, the notion that elite groups of individuals molded together into committees or public-private boards can guide society and coordinate the economy from the top town and manage change by evolution, not revolution.
In a rapid, real time illustration of how badly this social/corporate/whateverism is going to crash and burn, GM (henceforth known as Government Motors) teamed up with Segway to produce the first government concept car. HotAir dubs it the Depressionmobile.
A 200cc 1970's Vespa gets around 80mpg and a top speed in the neighborhood of 60mph. It is 40 year old technology that would kick this things ass. Talk about a giant leap backwards.