As a dominant form of transportation, the automobile is dead. So is GM, which now stands for Gone Mad.
But the larger picture says that the financial crisis now enveloping the world is grounded in the transition from the automobile---and the fossils that fuel it---to a brave renewable world of reborn mass transit and green power.
If GM lives in any form, it must be owned and operated by its workers and the public.
But the larger transition is epic and global, based on a simple structural reality: the passenger car is obsolete. Auto sales have plummeted not merely because of a bad economy, but because the technology no longer makes sense.
Franklin Roosevelt took GM over in 1943-5 to make the hardware to beat the Nazis. Barack Obama should now do the same to beat climate chaos.
Make streetcars, not passenger cars.
Hybrids are too little, too late, with problems of their own. Solar-powered electric cars will help phase out the gas guzzlers.
But in the long run, the automobile itself needs to be dismantled and re-cycled, not retooled or rebuilt.