A conversation about General Motors

with John Stoll, Paul Ingrassia and Edward Altman
in Current Affairs, Business
on Monday, June 1, 2009 * * * * *

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A conversation about General Motors with John Stoll, Paul Ingrassia and Edward Altman

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Keywords:
General Motors
Cars
automobiles
Bankrupt
GM
Chrysler

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  • Comments 5
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    1. Moboop  06/05/2009 12:44 AM Report

      "...whole episode is perfectly illustrative of that ugly, smug arrogance, which developed (or re-emerged) in the so-called "greatest generation" after WWII."

      ReMant,

      Your off one generation. The "greatest generation" commonly refers to people who fought in WWII. Most of these people have passed on by now, and the few who are still with us are in very last stages of life. Our recent economic problems would be more appropriately attributed to the baby boomers, who have been running the show for a couple decades now.

    2. oleg7326  06/04/2009 03:07 AM Report

      americanmale ! it could satisfy your feeling but reality is different, capitalism and privet ownership already failed ,and reality doesn't leave us much choices to avoid socialism ... ,so since today i will buy GM's car to pay back the taxpayers not anymore to a bunch of arrogant,iresponsible ceo ....

    3. americanmale  06/04/2009 01:50 AM Report

      I personally will never buy another gm or chrysler because to do so would be to cast an economic vote for socialism; and i just can't do that in good faith.

      Oh, in reply to REMant. I believe you mean the baby boom generation.....but otherwise...well said.

    4. tartufe  06/03/2009 11:14 PM Report

      Well said RE.

    5. REMant  06/03/2009 04:31 PM Report

      In a nutshell this is whole episode is perfectly illustrative of that ugly, smug arrogance, which developed (or re-emerged) in the so-called "greatest generation" after WWII. Aside from running around the world being obnoxious, they overspent and underproduced and were not about to listen to anyone. The pink and chrome battle cruisers really said it all. From this perspective it would have been better if we had lost. Vietnam almost managed to kill it off, but didn't quite do it. Talking about globalization and all that not only neglects the union situation, but just ask yourself how many Hondas, Toyotas, BMWs, etc are designed here? How many of their parts are made here? Our workers are for the most part being paid near minimum wages to assemble stuff designed and made overseas to save on shipping costs. Not only that, the owners have been subsidized by the taxpayer to do it. The question about American capitalism reflects a misunderstanding, because capitalism here has always been mercantilist, and never the sort of free-trade, level playing field the question implies. Besides, it was not capitalism, but govt monetary and defense policy, which allowed consumers to buy what they weren't producing. GM was never an innovative co either, rather a sort of Proctor & Gamble of cars, more of a trust than a mfr, one of the first mfrg conglomerates, constructed by buying up the real innovators.

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