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The rust belt is littered with the remains of what were at one time or another some of the most successful companies in the US or the world. Corporations are r
by DoughnutHole 4y ago
The rust belt is littered with the remains of what were at one time or another some of the most successful companies in the US or the world.
Corporations are ran by fallible people and are perfectly capable of running themselves into the ground. I'd argue it's nearly their natural trajectory to become bloated and inefficient over time. General Motors was largest and most successful auto manufacturer in the world right up until it crashed and burned in 2008 and had to be bailed out by the federal government.
- qzw 4y agoI agree with your overall point, but GM was already widely seen as a has-been for years, maybe even decades, before 2008. They still had a lot of sales volume but apart from their trucks and a few SUVs, most of their products had been well behind those of their competitors in terms of both design and quality. So I don’t think they were really comparable to Apple at that point.