Slamming the Brakes on GM - Barron's [View article]
The TV manufacuring industry failed in the US, (RCA, Magnavox, Philco, DuMont) and we are no worse for the wear since we didn't bail them out. Let the big three fail. Creative destruction, I say. Many foreign car makers have plants here in the US. Probably WITHOUT UNIONS. I would think that parts suppliers sell to them to, so the domino effect might not be so damaging as one would think.
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The TV manufacuring industry failed in the US, (RCA, Magnavox, Philco, DuMont) and we are no worse for the wear since we didn't bail them out. Let the big three fail. Creative destruction, I say. Many foreign car makers have plants here in the US. Probably WITHOUT UNIONS. I would think that parts suppliers sell to them to, so the domino effect might not be so damaging as one would think.
Nov 09 10:52 am
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All Comments by Dave M. »Slamming the Brakes on GM - Barron's [View article]