Sound Familiar?

[JGK 940]

"The most senseless thing a loss-making company can do is maintain existing overcapacity and guarantee jobs under pressure from unions and politicians - it's deadly, like a millstone around the neck of someone drowning. There is only one way to guarantee jobs and that's by earning a profit. After all the wrong decisions taken, I really am concerned whether it will still be around in 10 years' time."

From this story http://goo.gl/iGTf3 about GM's attempts to deal with the red ink it's bleeding all over Europe via Opel.

[FlatheadGeo]

IMHO, all of these business people and politicians should go back and re-read Adam Smith's- The Wealth of Nations! This book laid the foundation for a durable goods, manufacturing system of economics that was the West's Blueprint for economic success.

[63 R2 Hawk]

I completely agree but don't get me started on this subject lest I be accused of making a common sense statement that will be seen as a "politically incorrect" posting.....