Quote:
Originally Posted by SilentKnight
Alongside of greedy unions and overpaid workers - another factor I think is badly hurting the auto industry at the moment is the 'employee pricing' sales campaign the Big Three went through a few years back. All three automakers offered massive discount incentives to the public and enjoyed a huge upsurge in sales volume (at the expense of their bottom line profit margins).
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if we would start acting like a free market economy... it wouldn't matter what went wrong.. how, where, why etc. a vacuum would be created when they collapse... new companies/products would rise up to fill that demand and would have adapted to the new realities whatever they may be.... the net effect would be better, stronger companies.
the biggest problem in companies like auto manufacturers and airlines in the US is that they are allowed to fuck up and run shit into the ground.. then can always turn to the government to keep them alive. that reinforces bad business practices, bad habits and general dysfunction.
the horrible truth about the US auto manufacturing industry is that they spent 3 decades pumping out horrible shit and the japanese buried them with more efficient business practices from top to bottom and a better product.
when you are the very people that invented cars... invented the assembly line.. made cars affordable to the common man and you can't hang on... then you don't deserve help. anyone saying Unions don't play a major role in corporate dysfunction are simply naive about unions or in strong denial.