"...every one of us must carefully scrutinize American businesses to see if they are actually working in the best interest of the nation, or only themselves..."
Dear friends,
The current “help” for which the Big Three US automakers are asking from our government would not be so, if they did two things. They are: 1) Appreciiate the fact that the purpose of a business, if it wants to last, is to "create customers" - not maximize profits. In other words, if the only interest of a business is “profit-maximization”, then the results will not be any different than they are for an illegal drug dealer. To be sure, the “entrepreneur” just mentioned is only thinking about NOW - not the future. It should be no surprise then why the business of drug dealing always ends the same way: Dead. 2) "Innovation" should be part of the operation of any business that plans on being competitive. That is, if a company is not constantly striving to refresh both what it produces or services and the way that it then provides and distributes its commodities, it will, eventually, begin to lag behind other companies in its specific industry.
Nevertheless, on the link below, Fatimah Ali of the Philadelphia Daily News - who, as far as I have experienced - is not one to smooth over her beliefs - provides a brilliant analysis, regarding the quandary in which Ford, Chrysler, and GM currently find themselves.
Cheers!
G. Djata Bumpus
<http://www.philly.com/philly/opinion/20081209_Fatimah_Ali__Detroit_s__Model_A__mindset.html?adString=ph.opinion/opinion;!category=opinion;&randomOrd=121108101536
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