{"id":1735,"date":"2009-04-29T12:11:00","date_gmt":"2009-04-29T16:11:00","guid":{"rendered":"http:\/\/stonescryout.org\/?p=1735"},"modified":"2009-04-29T12:11:00","modified_gmt":"2009-04-29T16:11:00","slug":"the-shape-of-things-to-come","status":"publish","type":"post","link":"https:\/\/stonescryout.org\/?p=1735","title":{"rendered":"The Shape of Things to Come"},"content":{"rendered":"

Near the beginning of this Wall St. Journal opinion piece<\/a>, noting how car companies have been "bailed out" for decades, is this breakdown of who will own General Motors once the new restructuring is in place.<\/p>\n

\n

The United Auto Workers (UAW) would own 39% of GM. The federal government would own 50%.<\/strong> The creditors will be shafted with just 10%.<\/p>\n<\/blockquote>\n

Emphasis mine.  And then there’s this<\/a>, from Merriam-Webster.<\/p>\n

\n
\n
Main Entry: <\/dt>\n
so\u00b7cial\u00b7ism  <\/dd>\n
Pronunciation: <\/dt>\n
\\?s?-sh?-?li-z?m\\ <\/dd>\n
Function: <\/dt>\n
noun<\/em> <\/dd>\n
Date: <\/dt>\n
1837 <\/dd>\n<\/dl>\n

1:<\/strong> any of various economic and political theories advocating collective or governmental ownership and administration of the means of production<\/strong> and distribution of goods<\/p>\n<\/blockquote>\n

Emphasis mine, again.  The two emphases appear to be synonymous.  When speaking of the problems in the auto industry back in November, Rahm Emanuel was quoted<\/a>.<\/p>\n

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\u201cRule one: Never allow a crisis to go to waste,\u201d Mr. Emanuel said in an interview on Sunday. \u201cThey are opportunities to do big things.\u201d<\/p>\n<\/blockquote>\n

Yeah, I’d say remaking the entire American economy qualifies as a "big thing".  The only way I see this as not<\/em> becoming a permanent thing is if the experiment fails because GM (and the UAW) still fails.  If not, it’s going to be a wild ride as the government decides to nationalize more and more "for the good of the people".<\/p>\n","protected":false},"excerpt":{"rendered":"

Near the beginning of this Wall St. Journal opinion piece, noting how car companies have been "bailed out" for decades, is this breakdown of who will own General Motors once the new restructuring is in place. The United Auto Workers (UAW) would own 39% of GM. The federal government would own 50%. The creditors will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,15,18],"tags":[],"class_list":["post-1735","post","type-post","status-publish","format-standard","hentry","category-doug","category-economics-taxes","category-government"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts\/1735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1735"}],"version-history":[{"count":0,"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts\/1735\/revisions"}],"wp:attachment":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}