Well, here we go; Chrysler declared bankruptcy as they should and now we will see capitalism in action.
I have maintained from the beginning, as many others have too, that GM and Chrysler have no other option at survival except going bankrupt and re-emerging as “new” companies that can function in the new economic reality.
I have been reading a lot of heated words about auto workers and the great things they have done for our society and why they should be somehow “saved” or their jobs preserved. Well, even my socialist / Communist wife realizes that companies do not exist and were not started primarily to create jobs; they exist to make and sell products and in so doing, to make money for their owners (investors).
This simple reality has somehow been lost in all the hubbub surrounding the demise of our auto companies. People want the factories to keep going EVEN though no one is buying the products those factories are making – excuse me?
Yes, we in Michigan have had a great run of prosperity from the auto industry. Many in my family have done VERY well working for the auto industry BUT it is now OVER and let’s just say thank you for the past 50 great years and prepare and adjust for what the next 50 years have in store for us.
Some people are looking to blame someone for our current situation BUT really it is many people and organizations that are to blame; everyone saw it coming but no one wanted to do something or anything about it except maybe FORD somewhat.
The world will be watching the Chrysler bankruptcy knowing that GM is right behind. Obama’s people will hopefully grease the skids and have Chrysler re-emerge within 60 days as a new entity.
The one thing I do not hear much about is the possibility that if the economy continues to suck and people remain too afraid to spend money on new cars, how can ANY auto company survive, even as leaner and more efficient business models?
I have maintained from the beginning, as many others have too, that GM and Chrysler have no other option at survival except going bankrupt and re-emerging as “new” companies that can function in the new economic reality.
I have been reading a lot of heated words about auto workers and the great things they have done for our society and why they should be somehow “saved” or their jobs preserved. Well, even my socialist / Communist wife realizes that companies do not exist and were not started primarily to create jobs; they exist to make and sell products and in so doing, to make money for their owners (investors).
This simple reality has somehow been lost in all the hubbub surrounding the demise of our auto companies. People want the factories to keep going EVEN though no one is buying the products those factories are making – excuse me?
Yes, we in Michigan have had a great run of prosperity from the auto industry. Many in my family have done VERY well working for the auto industry BUT it is now OVER and let’s just say thank you for the past 50 great years and prepare and adjust for what the next 50 years have in store for us.
Some people are looking to blame someone for our current situation BUT really it is many people and organizations that are to blame; everyone saw it coming but no one wanted to do something or anything about it except maybe FORD somewhat.
The world will be watching the Chrysler bankruptcy knowing that GM is right behind. Obama’s people will hopefully grease the skids and have Chrysler re-emerge within 60 days as a new entity.
The one thing I do not hear much about is the possibility that if the economy continues to suck and people remain too afraid to spend money on new cars, how can ANY auto company survive, even as leaner and more efficient business models?
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