June 01, 2009

General Motors is Bankrupt

This day marks the end of the road for an icon of American industry . . .
Such is the nature of free-markets and capitalism . . .
This is good actually — even dinosaurs dominated the planet in their own heyday, but when they could not adapt to a changing planet, they perished entirely . . .
GM is trying to evolve from a dinosaur to something more agile and nimble . . . may be, become a mammal like a cow or something that would be more in tune with the planetary environment of today . . .
This is of course a novel and unprecedented experiment in corporate evolution whose eventual outcome is far from certain . . .
The eventual shape of the global automative industry is pretty unclear and not many experts would dare to stick their neck out and predict a definitive direction that this process is going to travel in . . .
Who knows whether the coming decades will see a predominance of hybrid vehicles or electric vehicles or hydrogen-powered vehicles or whether we will see the creation of nation-wide grids as envisioned by Shai Agassi.
In this uncertain environment, only the nimblest players will be able to adapt and survive. GM could be one of the survivors if it's nimble and agile and sharp enough . . .

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