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IN MEMORIAM

AUBURN            1904-1937

CORD                  1929-1937

CROSLEY           1939-1952

DUESENBERG   1913-1926

ESSEX                  1919-1932

HUDSON             1910-1957

KAISER               1945-1956

NASH                   1916-1957

PACKARD           1899-1958

STUDEBAKER   1902-1966

When these fine American cars could no longer compete in the market, they simply went out of business.

Where was their  Uncle Sam when they needed him? No one bailed them out

When the horse and buggy could no longer compete with the automobile, the buggy manufacturers closed their doors also.

The United States did not collapse.

If a company is unable to produce any product competitively then it should fail.

Subsidizing failure seems to be a trend in the US today but it creates the expectation of continuity in enterprises that make incompetent decisions.

This entry was posted on Wednesday, April 22nd, 2009 at 6:25 pm and is filed under Finance, History, ethics, responsibility, society, survival. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “IN MEMORIAM”

  1. Darrell Fichtl on April 24th, 2009 at 9:55 pm

    Whad’da mean subsidize failure. That’s what we do best. We subsidize failure all the time. Why should we stop now? Just because we’re driving ourselves broke how can you be so selfish? We should give, give, give until it hurts. Give till we’re going completely under.

    What I think you fail to understand is that the lower strata of whatever you want to discuss (people, neighborhoods, companies, cities, countries) don’t care about either you, I or anyone else. They just want to be “taken care of”.

    How can you be so heartless?

  2. Darrell,

    There is a word for ’subsidizing failure’.
    It’s called Socialism!

    I am presently writing an article about it for my next posting on this blog.
    It should be on in a day or two.

    John

  3. Nice post…Thank you for sharing some good things!!

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