“Since General Motors produces some half of all the automobiles, its designs do not reflect the current mode, but are the current mode. The proper shape of an automobile, for most people, will be what the automobile makers decree the current shape to be”That theory looks rather strained now.
Just out of interest does anyone really think that the US government is going to be able to run a car company with any more success than the UK government ran British Leyland?
8 comments:
With the Obamanation at the helm, I doubt they could run a bath...
You've seen what a brilliant job they are doing running the banks - what can possibly go wrong with car manufacturers?
Well he does say he doesn't want to run it.
But I'm a little ignorant here, is it as evident as you suggest that BL (or its component parts, Jaguar, Rover, trucks etc) were worse companies when privatised in the 1980s than they were on nationalisation in 1975?
I ask as it's not as self-evident to me as it is to Mark that the government has done a worse job running the banks than the private sector did. Or is there a third way?
@ Matthew, we're talking about the USA here - all Obama Bin Laden did was shovel trillions of dollars in the way of his old mates, campaign financiers etc, he was even worse than George W Bush, if that's possible.
By comparison, the UK government made a reasonably good fist of NR and B&B. The Lloyds/HBOS thing was shit though, and they're losing money hand over fist because they overpaid for shares in the first place, but hey.
And car manufacturing is WAY more complicated than banking - Obamanation is now using this as an excuse to let the Trade Unions (also big campaign financiers) to take over GM (at the expense of bondholders).
"is it as evident as you suggest that BL (or its component parts, Jaguar, Rover, trucks etc) were worse companies when privatised in the 1980s than they were on nationalisation in 1975?".
Perhaps they weren't any worse, but how much money was spent on them whilst they were nationalised? Besides which quite a lot of the companies that went into BL never reemerged in any form.
Obama Bin Laden? What's that meant to mean?
It means that Mark Wadsworth is a twat.
Sigh. I wouldn't jump to that conclusion. It's a pretty vicious and deranged anti-Americanism, i'd suggest, but as we know that's quite common across the political spectrum, and hardly a surprise from Ukip members.
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