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Why can't we stomach letting a big company die in this country? A lot of people will lose their jobs but in reality it might be for the best moving forward. Dem

Why can't we stomach letting a big company die in this country? A lot of people will lose their jobs but in reality it might be for the best moving forward. Demand for cars won't go away, there just won't be a supply of GM ones. A lot of "foreign" cars are already built here anyway, let Toyota snap up the GM factories, reemploy their workers, and lets move on. The downside is that there are a lot of GM pensions out there, but if the government won't let GM fail because of the pensions, maybe the government should just take over the pensions and let this dinosaur die. How much more money would we have to spend to prop up this failing company again and again when all we really want to do is make sure a bunch of retirees don't go bankrupt?

comatose_kid 18y ago
Although their product line needs a lot of work, killing them would have huge ripple effects (forget about the stockholders, consider the suppliers and debt holders). So, yeah, we could let GM die, but the effects on the economy would be considerable. Why would Toyota buy GM's factories? Retooling them for a completely different line of cars probably doesn't make sense, and I doubt Toyota would be interested in selling most of what GM has today. I don't think there is an obvious solution.