My God, two posts in the same day. What is happening to me?
But as we emerge from the Greed is Good Era that has held us in its devilish grip for too long, evidenced by a string of bank failures, a stock market crash, and now General Motors going bankrupt, as bleak as it all looks, I rejoice in the changes that are taking place, which will ultimately lead to a bright new dawn, if we’re patient.
Below is part of a piece by Michael Moore from today’s Huffington Post, that echoes exactly what I and many others have been saying about big, greedy, conniving, crush-and-exploit-the-little-guy corporations for years. We have been duped for too long. Now, karma has stepped in. Or, in GM’s case, car-ma.
“It is with sad irony that the company which invented “planned obsolescence” — the decision to build cars that would fall apart after a few years so that the customer would then have to buy a new one — has now made itself obsolete. It refused to build automobiles that the public wanted, cars that got great gas mileage, were as safe as they could be, and were exceedingly comfortable to drive. Oh — and that wouldn’t start falling apart after two years.
“GM stubbornly fought environmental and safety regulations. Its executives arrogantly ignored the “inferior” Japanese and German cars, cars which would become the gold standard for automobile buyers. And it was hell-bent on punishing its unionized workforce, lopping off thousands of workers for no good reason other than to “improve” the short-term bottom line of the corporation.
“Beginning in the 1980s, when GM was posting record profits, it moved countless jobs to Mexico and elsewhere, thus destroying the lives of tens of thousands of hard-working Americans. The glaring stupidity of this policy was that, when they eliminated the income of so many middle class families, who did they think was going to be able to afford to buy their cars? History will record this blunder in the same way it now writes about the French building the Maginot Line or how the Romans cluelessly poisoned their own water system with lethal lead in its pipes.”
Rarely do I become excited by failure, but this is one time. Nobody wants 21,000 people to be laid off, nobody enjoys watching decent, hard-working human beings go to waste. What I love, though, is seeing rotten-at-the-core, near-sighted, exploitative corporations fail and fall. After a short period of pain, out of this will come something magnificent. A new kind of democracy. And a better life than we ever could have hoped for.
The full post is here.
TV Swami – he giddy with excitement.