You are in Guest mode. If you want to post, you'll need to register (we promise it's painless).
Registered users should log in now. (Forgot your password?)

Guest-accessible forum This forum allows unregistered guests access to read. You must register to post in this forum.

Nature_and_Environment.15

Eco-Social Culture

--------

{Nature_and_Environment.15.197}: ... {wren1111} Sat, 14 Feb 2009 02:16:04 CST (34 lines)
{HTML source}

<b>Can We Transform the Auto-Industrial Society?</b>

"http://www.nybooks.com/articles/22333"

<i>The cataclysm of the American automobile industry has been an odd
combination, so far, of immediate and historical anxieties. The
government loan of $13.4 billion to General Motors and Chrysler in
December 2008 was presented by the outgoing administration as an
unsolicited gift, lest a "disorderly liquidation of American auto
companies" should "leave the next President to confront the demise
of a major American industry in his first days of office." It was
restricted explicitly to the very short term: "The firms must use
these funds to become financially viable.... In the event that firms
have not attained viability by March 31, 2009, the loan will be
called."[1]

But there are also intimations of the deep past and the distant
future. The present and impending disorder of the automobile
companies is a reminder, even more than the decline of the housing
and banking industries, of the desolation of the Great Depression.
It is a reminder, too, of economic history, or of the rise and
decline of industrial destinies. When the listing of the "Fortune
500" began in 1955, General Motors was the largest American
corporation, and it was one of the three largest, measured in
revenues, every year until 2007.[2] GM was the "largest industrial
corporation in the world," in its own description of 1989, and it
was engaged, at the time, in "the most massive reindustrialization
program ever attempted."[3] It was an incarnation of American
economic change, as a GM vice-president suggested during the earlier
automotive crisis of 1973: "To say that a company that has
successfully grown over a period of 65 years—a period marked by two
world wars and a major economic depression—will suddenly be unable
to adapt to the changing challenge...flies in the face of common
sense"; it "denies history."[4]

Guest-accessible forum This forum allows unregistered guests access to read. You must register to post in this forum.

You are in Guest mode. If you want to post, you'll need to register (we promise it's painless).
Registered users should log in now. (Forgot your password?)

The New Café  Home | Your Hotlist and Directory | Independent Partner Forums |
FAQ | User Guidelines | Privacy Policy