Wednesday, February 18, 2009

Some are just meant to die...

Already when GM bought Saab I thought this is the end. They didn't even manage to make a profit during the extremely good years of the last two decades! Don't blame it on management (even though US management has proved to be lousy) or hard times (you have to be able to handle tough times). The company stinks, let it die.

This is the very simple, but beautifully efficient basic mechanism in the market capitalism - strong companies make money, weak might survive for a while, but in the end - weak means death. This is great! Because then no more money is wasted on a lost patient - the resources can be better used in some other way. And never forget that hard times do wonders for the creativity!

Any company that begs money from the state should be executed, as fast as possible. And, of course, the management shall have exactly zero pay. This goes for Saab, as well as GM. May they rest in peace.

Comment: The company shall die, not its employees, of course. They will be taken care of by the social security system and will soon enough find other work. If they got greedy and made financial commitments they can't fulfill? Well, as we say in Sweden: You sleep like you made the bed...

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