View Single Post
p911dad p911dad is online now
Registered
 
p911dad's Avatar
 
Join Date: Dec 2004
Location: Charlotte, NC
Posts: 2,368
Garage
A huge disadvantage is GM makes large capital goods and exports lots of stuff for foreign exchange. GM is not a service industry. In order to make wealth you need something to sell(not services) that is tangible, preferably made from scratch from basic materials. The US currently has lost many companies that MAKE stuff, not just sell financial services or pizza. So we are becoming a service based economy which makes us vulnerable to other countries(like Japan where you send your Toyota payments) and at a disadvantage in world trade. Unions and opinions about them aside, we need every large company we have, especially the ones that make stuff and sell it abroad(like GM, Kodak, Xerox, Boeing, Corning, etc, etc). Like they say, you don't know what you've got til it's gone..
Old 10-27-2008, 04:58 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #19 (permalink)