Monday, June 1, 2009

End of the world?

The Invisible Hand strikes again! General Motors is bankrupt. Yada, yada, yada. No…it's not the end of the world. GM is still quite profitable in Brazil and in China. GM will reorganize. New fat guys will replace the old fat guys and the assembly lines will continue to push out product. Sure, it will be a different product and perhaps not as many, but the market won't disappear. It will change. That's what happens in life.

And here, on the Planet Orland, change happened early as the local GM dealership was raided last Thursday and closed down. All of the vehicles were removed and the locks on the building were changed by creditors…and I believe GM was one of the creditors. Employees were caught unaware and the owner was nowhere to be found. Or so the rumor goes. But this appears to be a case of poor business practices and not the direct result of GM's bankruptcy. Some of us wondered why they hadn't been closed a year ago?

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