The GM Solution: Life Boats, Not Life Support

As the ship sinks, "creative destruction" is too simplistic. Only a "creative response" can rebuild a U.S. auto industry

General Motors (GM) is the Titanic of Corporate America—it has been sinking in an agonizing, slow-motion suicide since its mid-century golden age. A century ago, GM was the solution to the problems faced by America's fledgling auto industry. Now it represents Detroit's dead end of denial and narcissism. While GM executives beg for a bailout, Washington has an opportunity to be part of the solution to the problems that confront each of Detroit's Big Three.

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