December 22, 2008

This issue featured Fred Barnes's analysis of America's automakers beyond the Big Three, as the U.S. auto industry faced severe financial crisis in late 2008. Christopher Caldwell contributed an examination of crowd behavior and capitalism titled "The Unwisdom of Crowds," exploring themes of confidence and economic collapse during the financial meltdown. The issue captured a pivotal moment in American business and conservative thinking about market dynamics and corporate failure.