Will the Bad Ideas RIP too?

Don Luskin beats me to the punch. Indeed may Galbraith the man rest in peace. However, let us not candy coat the historical record on the matter of his ideas - Galbraith's grand vision of things has been proven wrong by history. Somehow, the military industrial complex allowed a pimply-faced college dropout to become the wealthiest man on the planet and General Motors to sink into near oblivion. It allowed Google to be worth $125 billion and Southwest and JetBlue to rise while Delta, United and TWA sunk into bankruptcy.