ferguson

My U.S. Infrastructure and Employment Plan

Great discussion. I have two relatively energy efficient vehicles (Mazda 4 cylinder pickup and Chevrolet Prism) which I would like to replace with even more energy efficient American built vehicles in 2-3 years. Will the American automobile industry meet my need?

The Failure to Admit Failure

The logic here suggests that the basic problem here is not economics. It is a failure that seems to be built into human nature. My mother described it best when I couldn't finish my dinner.

"Your eyes," she said, "are bigger than your stomach."

So, it is. Whether we are on Wall Street or Detroit, we can imagine all sorts of things that we think can be finessed or managed. But, that doesn't necessarily mean they can. When did they stop teaching about human nature, responsibility and ethical behavior in business schools?

Or, more to the point, why did those who had some understanding of these things all get passed over for promotion, while the pure money-changers got promoted ad infinitum?

Simple. Money, money, money. When nothing else matters, serious mistakes will be made.