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August 19, 2009
E-mail a friendYOUNG VOICES
If GM Can Fail, So Can America
In Monday's LA Times, car columnist Dan Neil (a recent guest on the show and the only automotive journalist to be awarded a Pulitzer), writes about the epic fall of General Motors. The article is immensely insightful, comparing the decline of GM to the decline of the American economy in general, while outlining the myriad blunders and misfortunes that led to the bankruptcy of a company that once accounted for 10% of the American economy.
If anything, however, the article is worth reading for the following sentence alone:
"Any organization that fails to sufficiently safeguard its means of self-correction and reform, that forsakes long-term investment for short-term gain, that piles up debt year after year, will eventually fail, no matter how grand its history or noble its purpose."
It's a potent message, and one I think we'd all be good to take to heart. If it isn't already too late.