"a czar or board to oversee the companies"—call it Gosplan—which will supervise "a restructuring of the auto industry." That's exactly what Detroit needs to recover: the benefit of government central planning.
I've been thinking about this - while long term central planning has historically been a recipe for disaster, how do you deal with a situation where badly managed companies need(?) to be bailed out partly (if not largely) due to bad management?
Can short term central planning be a solution? Not, I believe, unless someone also takes a hard look at the effect of UAW on production.
