General Motors chief executive Rick Wagoner yesterday offered no guarantee that the auto giant would use American-made batteries in its new electric-powered car, the Chevrolet Volt, even as Detroit automakers pressed for $25 billion in U.S. government loans to support the development of advanced-technology vehicles in this country. (Washington Post, Thursday)
If you think business favors free markets, read some history.
FEE Timely Classic
Atlas Shrugged and the Corporate State by Sheldon Richman