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Originally Posted by DMcCunney
He's under the happy delusion that everyone else can emulate his practice, and letting GM go belly up would simply spawn a batch of smaller, nimbler independents filling the void it left.
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That was my suggestion a decade ago, when only the rabid GM fans had already seen the writing on the wall. GM started as a collection of independents, and if they'd retained that model instead of going off the cliff in Roger Smith's '82 Citation in pursuit of market share, they wouldn't be in the situation they're in now.
Quote:
Originally Posted by DMcCunney
And so it might, but what happens to all the laid off workers in the meantime? Most would not be able become entrepreneurs and go into business for themselves, a fact that he can't seem to grasp.
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Adapt or die, just like the company they were foolish enough to think was "too big to fail" must now adapt or die. Community college and online school enrollment has swelled tremendously over the last few years for a reason. A displaced worker can either learn something new (often on the state's dime) or spend the next 2 years dialing-for-dollars and blaming all their problems on Obama/the unions/corporate America/the Cubs/global warming.
"It's not that simple", you might say...I can say from firsthand experience that it beats the hell out of the alternative.