Thread: GM done for
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Old 02-24-2009, 06:58 AM
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MS Fowler MS Fowler is offline
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Quote:
Originally Posted by Emmerich View Post
Too much discussion about a single event (or vehicle) that doomed GM. It is much simpler. Any company that is basically a welfare state for its FORMER employees and has a huge entitlement program (right up there with Uncle Sam and that is always in the red) is doomed to failure. It is like a squirrel on a wheel, the wheel keeps spinning faster and you can't just maintain, you have to speed up.

Some people disagree, by IMO the unions killed the US auto industry. There was a need for them when they were created, but they became entities whose only goal was to protect their own existence at the expense of its members. How many non-auto companies do you know that can exist with the level of animosity that exists in the auto industry between management and workers?

Much truth here.
IMO, the most insidious aspect of the Union Shop is the "Us vs Them" mentality. Either the company makes money, turns a profit, and continues to exist, and provide jobs, or it fails, and no one has a job.
One of these situations is to be preferred.
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