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I agree Dave, the big 3 are not sunk because they relied on trucks, that is only the straw that broke the camels back. UAW and overpaid management have been structural problems for decades. What is never talked about is GM and Ford aquiring AM General and Saab or Volvo, Land Rover, Jaguar and Austin Martin, stakes in competitors, not because they fit a missing need within the corporation or provided technology that they couldnt produce themselves, but to deny any of their competition from aquiring it.
Capitalism has gone off the rail for a few reasons, but I dont understand why the media doesnt talk more about this unlimited corporate consolidation that has been allowed over the last 20 years. How could halving the competition in the field be good for anyone? How could growing companies into "too big to fail" category be good for anyone?
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