Tuesday, June 2, 2009

General Motors: An Autopsy

It is part of human nature to seek security from change. Citizens, companies, and other interested groups have regularly sought market, pricing, and/or job protections through the intercession of the one institution that can, through the use of legal force, protect those interests: the government. Such protectionism is simply legalized theft in the form of the transference of wealth from one group (taxpayers, consumers, etc.) to another, more favored one (in this case, organized labor).
What happened to GM? The government killed it says Cortes DeRussy.

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