Quote:
Originally posted by jorian
GM is in talks to buy Chrysler. I think this would be bad for the industry. Mergers stifle creativity, limit choice and drive up prices. Banks are buying each other at an unprecendented rate under the guise of "trying" to remain competitive.
Eventually we'll have one manufacturer to chose from, like the Russians did with their Trabant (actually re-badged Fiat) and we'll all get our paychecks from Rupert Murdoch.
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I want some of what you're smoking. Would you rather a sick company be left alone to die on its own? How would that help the market? Ailing companies with sinking stock prices make themselves targets for buyouts. At least that way, some folks keep their jobs and the ailing company might get turned around. Letting it sink assures everyone loses their job.
And comparing this to eastern bloc cars is just insane. East Germany made two cars - Trabant and Wartburg and both state-owned and with 13 yr. waitlists for delivery. I've been in plenty of both and know plenty of folks who had to wait the full 13 yrs. for their cars. Somehow, I don't see auto quality and availability in the western world ever sinking to anything resembling that.