We own it. Let's run it.

So we're going to own the majority of GM. But Obama says that he has no interest in having the majority owner -- the U.S., i.e. you and I, though our elected officials -- run the company.

Absentee ownership is never a good idea. We own a large industrial manufacturer now, and we ought to run for our benefit.

And what is the best way to use this industrial giant to our benefit? Should we have it continue to make gas-guzzlers? Should we have our company try to compete with Japan and Korea -- and rising stars China and India -- to make affordable and fuel-efficient cars?

Here's a better idea -- let's repurpose its manufacturing capability. Already, manufacturing plants once dedicated to the automobile industry are being used for things like wind turbines. And up until 2004, GM had a large locomotive division. Why not have our company lead the way in green industry, not with a showy and over engineered attempt at an electric car, but with renewable power, and with a renaissance of the only sensible and green form of ground transport, rail?

But instead, it looks like under the moderately conservative Obama administration, we'll have what capitalism always comes down to: lots of talk about free markets, and then lots of action to intervene in the market to support the investment class, the capitalists and the corporate managers, at the expense of the people who actually do the work. We'll hand the investors a lot of money to tide them over this troubled time, then give the company back to the same people who screwed up the first time around, so they can continue to mismanage the company and to make products detrimental to planetary health.

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