Why not? They seem to want to nationalize everything else. I would say that GM stands for "Government Motors" at this point. In a true capitalist society GM would fail or restructure. However, I am not sure at this point whether we are a true capitalist society anymore.

"Capitalism is an economic and social system in which most trade and industry are privately controlled for profit rather than by the state. The means of production (also known as capital), are owned, operated, and traded for the purpose of generating profits by private individuals, either singly or jointly."
Source(s):
http://en.wikipedia.org/wiki/Capitalism

Asker's Rating:

Permalink | Report