Sunday, May 31, 2009

A cautionary tale

GM Is Sunk. Just Ask the Merchant Marine

I want to remind people of that long time ago when Roger Smith, then CEO, was trying to change the structure of GM by downsizing the auto production element of the company which he rightly foresaw as a declining market, Michael Moore made "Roger and Me" to demonize him over plant closings. The Left tore him apart for his actions and he became a pariah. Do you want to buy a car from a company whose main purpose in life is to benefit the union workers above all. I won't.
The difference between free market and socialism is the free market aims to please the customer and socialism aims to please the employee.

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