This comes from Claire Berlinski at the City Journal, on the government takeover of the auto industry.

The only truly relevant measure of productivity is consumer choice: if people don't want to buy a company's products at the company's price, it may have been busy, but it has not been productive. This point escaped all concerned.

She is talking about the heavy government subsidies and planning of British Leyland, that started in the 1970's. The best bureaucrats the British government had to offer failed to run the auto industry with anything approaching success. Since Americans are better than the British, expect the American government's takeover of the auto industry to be an even more spectacular failure.

Hat tip to Instapundit.