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Globe Editorial

Creative destruction at Chrysler

May 16, 2007

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THE SALE of Chrysler Corporation to Cerberus Capital Management demonstrates the regenerative capacity of capitalism. But without the buffer of government and labor, that process can devastate the lives of people who lack the resources of those who negotiated the purchase. This transaction, and others like it, call for greater protections for Americans caught up in the "creative destruction" of ... (Full article: 422 words)

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