I don't necessarily agree with the "American consumers are zombies" bit but the general idea of this article is the right one. (I do agree with the notion that stricter bankruptcy laws are a bad thing... but that's because I prefer minimizing risk aversion in entrepreneurship.)
http://www.businessweek.com/magazine/content/09_04/b4117024316675.htm
In this light, it's depressing Detroit got the type of bailout it did. Chrysler isn't viable, GM probably isn't, Ford may not be... so why are we giving them money again?
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