GM announced plans at its annual stockholders meeting today for new company strategies designed to “aggressively respond” to this increasing demand for fuel-efficient cars that the North American consumer can afford. The company will be focusing on a series of efforts aimed at cutting costs, eliminating jobs, and limiting its dependency on truck and SUV sales.
Unfortunately, the good comes with some bad. Since it is always about profit, and not very often the workers, nothing in the announcement mentions plans for reeducation, or transitional support for the unemployed thousands as four plants will close by 2010.
Investors cheered the decision, sending the company’s stock up about 2 percent in early trading.
What makes this news a Loser is that this decision smacks of not being about what is right and sustainable for the economy but what self-serves the interests of Wall Street and by extention we the stock holders. Because no matter how you cut it, we are caught up in a web of our own making. We have to consume, we need to make money, we are invested in the very corporations that we know have only self interest at heart.
Contrast that to this kind of story of a Winner from Alex at YBwhoUR? It’s about an inventor named Matt Shumaker and his motor bike. It’s an example of what each and every company should be using as a reason for being. What do people need not what can we sell them.
I think that a long time ago that was the way it must have been. Then came the Mad Men, and the idea that the business of business was making money first and useful products second or even third. Excessiveness meant success. The more you made the more you could sell became the business model. And it worked in two ways. One, to show that we are a successful and abundant country where everyone has a chance to have more and more stuff. Two, to set up a way of producing things that explained why we needed to be powerful enough militarily to enforce ourselves upon the rest of the world when the need arose.
So now, even as we look at the younger generation as the ones who will have to solve this problem, we may be facing, are facing the possibility, that all the excess is about to come back and overwhelm us. Unless, of course, GM is not too late and then, well, . . . ?