GM Govt. Bailout?

[Altitude]

Fuck em. I don't want workers out on the streets either, but maybe that's what it will take to piss enough people off to ensure this kind of crap doesn't happen anymore.

Anytime someone complains about corporate corruption and greed the opposition rails on about market capitalism and how it is the only viable economic model. Well, live by the sword die by the sword I say. Let the market fail. It's the only way things will ever change.

[GeneW]

Originally Posted by Altitude

Anytime someone complains about corporate corruption and greed the opposition rails on about market capitalism and how it is the only viable economic model.

Market Capitalism? Do you think that GM practiced market capitalism when it buried Preston Tucker? How about when it's begging for bailouts now? How many "Defense" contracts did GM get over the years? Is that Market capitalism too?

GM isn't a capitalist institution. It's been working as an extension of the Government since the 1930s if not earlier. Why else is anyone even seriously considering a "bail out"?

The reason GM is getting the snot pounded out of it by Toyota is because Toyota is giving better value for the money. That's capitalism at work.

Greed is limited by market restraints in capitalist nations. In socialist or social democracies greed is limited by the sufferance of the masses to repression.

Greedy politicians in the EU who want to regulate everything that isn't nailed down or pensioners and loafers who idle while "guest workers" do the dirty work. The guest workers don't go home and in a generation or two are beating citizens (who get arrested for fighting back) and establishing "no go" zones where the nation's laws don't work because the police are pushed out.

For a purer example of how greed works in Socialist countries check out in the USSR when Brezhnev had a fleet of cars while some of his rural subjects walked around barefoot or Mao Tze Dung had his bodyguards "recruit" poor girls to have sex with him so he could "live forever" per the tenets of the Yellow Emperor. Today in North Korea where the "Dear Leader" flies in hookers from Sweden while rural North Koreans trade human meat in market places. Castro and his many "retreats" while Cuban kids suffer from blindness because of nutritional deficiencies.

The Yaris was shaped by market place demands. That's your capitalism at work for you.

Gene