On having a Car Czar

I believe the appropriate response is, "how exactly did that czar-thing work out for Russia?"

2 thoughts on “On having a Car Czar”

  1. Perhaps a careful comparison of how the German State banks fared in the current crisis compared with their private counterparts might dim the current “THE STATE CAN SOLVE EVERYTHING” craze somewhat.

  2. And there are lots of other examples. Credit Lyonais scandal anyone? Australians may remember the fate of the the State Bank of Victoria in the late 1980s. (For non-Australians, it did lots of silly things, and to bail it out the federal government engineered an arangement where a larger state (but federally) owned bank acquired it and then was privatised in order to pay for it).

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