Home
/
RELIGION & LIBERTY ONLINE
/
Attack of the so-called free markets!
Attack of the so-called free markets!
Jul 3, 2026 4:11 PM

Economic reality is finally catching up with the big American automakers and their suppliers, as noted by Thomas Bray in Wednesday’s Detroit News:

Around Detroit, the bankruptcy of giant auto parts maker Delphi Corp. is seen as a precursor of what’s in store for the entire American auto industry. More fundamentally, it confirms the bankruptcy of the industrial welfare state.

The powers of denial ensure it may be some time before our politicians, unions and even corporate leaders catch up to that fact. Exhibit A was the knee-jerk rant by Gov. Jennifer Granholm, who pronounced herself “angry” at Delphi. She then went on to blame the usual catalog of left-wing villains: “globalization,” “outsourcing,” “upper management,” “lack of support from Washington for the industries that made our country great” and “so-called free trade.”

Oh yes, and not enough government spending on health care.

I must pause here to note that Governor Granholm seems to be of two minds on the issue of globalization. Sure, international trade and investment are great when German and Japanese corporations partner to open a new engine plant in your state, or when you go on a trade mission to Japan in order to urge panies to outsource their jobs to… (ahem) …”invest in Michigan.” But when Delphi feels the heat of petition? Well, that’s another story.

But I’ve gotten off-topic. Returning to Bray’s article, we see that all of the reasons listed by Granholm for Delphi’s struggles lose their punch when faced with cold, hard reality:

But no amount of foot-stamping is likely to change facts. Among them: Delphi’s 33,000 unionized workers in the United States, like those of General Motors, Ford and Chrysler, still earn far above the national average in wages and benefits long after it was clear that this was no longer sustainable.

Touché.

Bray closes with an observation that we would do well to take to heart:

Globalization isn’t the enemy. It’s simply the messenger, exposing the rotten structure of the industrial welfare state for what it is, a lumbering dinosaur that can’t see 20 feet ahead of itself. Like the broader welfare state, to which it is so closely tied through labor, tax and other laws, the industrial welfare state of the 20th century is badly overdue for a rethinking.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Review of Lawler on Boston Catholicism
Appearing in the next issue of Religion & Liberty will be my review of Philip F. Lawler’s The Faithful Departed: The Collapse of Boston’s Catholic Culture (Encounter Books, 2008). There is no point in dwelling on how well-written and insightful the book is, as it has already won plaudits from other, more significant reviewers, but I can give my own “Acton spin” to Lawler’s exceptional work. Here is the piece in full, an exclusive preview for PowerBlog readers: Lord Acton’s...
The Economic Blame Game
Yesterday’s Grand Rapids Press had an attention-grabbing feature graphic, which highlights an online interactive “game” that gives more information about each of the candidates for the “economic blame game” bracket. Press Graphic/Milt Klingensmith The four brackets are broken down by group, so the four major categories at fault are 1) the financial industry; 2) consumers; 3) government; and 4) inexplicable forces. Notably absent are the media (except perhaps as personified in Jim Cramer’s “Mad Money”) and government over-regulation, including especially...
Rev. Sirico on National Review Online
National Review Online today published Rev. Robert Sirico’s “A House Built on Sand,” his mentary on the financial crisis. Wall Street has been skewered and denounced in almost every attempt to examine the moral dimension of this crisis. Yet, Wall Street is too often denounced for all the wrong reasons — as a surrogate for the free economy, for seeking and making a profit, as though the alternative was somehow a preferable moral result. No, if we are going to...
The Common Good as an Excuse to Override Human Dignity
I cannot tell you how many times Catholics have used mon good” as an excuse for more government involvement in peoples’ lives and the installing of socialistic, “spread the wealth” programs. This version of mon good is the foundation for some people’s idea of distributive justice, but actually it is based on the “Robin Hood fallacy” of robbing from the rich and giving to the poor. How did e to this conclusion? I did so merely by reading Aristotle and...
A prayer of thanksgiving
A General Thanksgiving. ALMIGHTY God, Father of all mercies, we, thine unworthy servants, do give thee most humble and hearty thanks for all thy goodness and loving-kindness to us and to all men; particularly to those who desire now to offer up their praises and thanksgivings for thy late mercies vouchsafed unto them. We bless thee for our creation, preservation, and all the blessings of this life; but above all, for thine inestimable love in the redemption of the world...
Holodomor
——————– Start of message from list: eni-summary ——– Ecumenical News International News Highlights 24 November 2008 Ukrainian church marks 20th century ‘genocide’ Russia disputes Warsaw (ENI). Ukraine’s largest Orthodox church has marked the anniversary of an early 1930s’ Soviet-engineered famine, in which millions died, by describing it for the first time as an “act of genocide”, a description rejected by the Russian government. “A crime like this could only happen in an environment hateful of God and man,” the holy...
IBD: Papal Bullishness
Following up on our coverage of Pope Benedict’s economic “prophecy,” here’s a snip from yesterday’s “Papal Bullishness” editorial in Investor’s Business Daily. Read then-Cardinal Ratzinger’s 1985 article “Market Economy and Ethics” here. The Pope gave a “prediction that an undisciplined economy would collapse by its own rules,” the ex-socialist lawyer and economics professor nonsensically claimed at Milan’s Cattolica University last week. Tremonti conveniently omitted that elsewhere in the Pontiff’s 2,300-word analysis he grumbled that Theodore Roosevelt and Nelson Rockefeller spread...
How Relevant are the Pilgrims?
For something to be deemed not relevant is the kiss of death in some evangelical Christian congregations across this country. As churches try to influence culture the Church at the same time is often swallowed up by it. The Pilgrims certainly would be categorized by many as severely irrelevant in lifestyle, separatist ways, and by their manner of worship in today’s culture. The pastor of the church I attend preached an excellent two part series sermon on the Pilgrims. He...
How Obama Can Lead Us to Recovery
I have been part of an email correspondence group for a couple of years now which includes a number of strong public policy thinkers. One of the best is a man named Francis Cianfrocca (aka “Blackhedd”) who writes regularly at Redstate. He has been spot on with regard to the current financial crisis. I’ve read far better stuff from him in my inbox than I’ve been able to find at CNBC or Fox Business News. All of this is to...
Thanksgiving: the best holiday
In sports, there is a debate (between interesting and inane) about the meaning of a “Most Valuable Player” award: is it the best “individual” player (often measured in terms of a handful of statistics) or the player who is most valuable to his team (without that player, the team would not be nearly as good)? The same could be said for holidays. For Christians, the “greatest” holidays are Christmas, Good Friday, and especially, Easter. But I’d argue that Thanksgiving is...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved