The Swedish government said on Wednesday it would not intervene to take over Saab. Enterprise Minister Maud Olofsson slammed Saab’s US owner General Motors for “abandoning” the struggling Swedish car maker. General Motors has warned that the unit would go under without official help. “Voters picked me because they wanted nursery schools, police and nurses, and not to buy loss-making car factories,” Enterprise and Energy Minister Maud Olofsson told Swedish public radio.
When politicians in Sweden begin looking like the rational beacon of free enterprise ... well -- you know.
(Hat tip: Richard Florida)