We as citizens need to learn how to identify winners in business, the companies, the technologies and the industries’ consistent performers.
A newspaper headline reports the sad story that clearly reveals signs of a pathological habit of losing as a group. Detroit and Michigan as a general population has criticized Government intervention and crusaded the values of the free enterprise system.
What is becoming clear is that they are not our best American warriors to win this economic war since their Free market skills lag far behind their political talk.
We need to focus on the many successful companies, smaller and less talked about but the hugely successful businesses such as Microwave Data Systems of Rochester, New York. Their success is not in fame but $$ and the professionalism developed by their workforce
(NYT). “While American government officials hailed the month long program, which ended this week, as an overall stimulus to the economy, the biggest winner was Toyota, which accounted for 19 percent of all sales and had two of the top three best-selling models. The cash-for-clunkers program turned out to be a boon for Asian automakers and the small cars they specialize in.
The Transportation Department said Wednesday that participants in the clunkers program bought 690,000 new vehicles. About $2.9 billion of the program’s $3 billion was distributed in government vouchers, which were worth $3,500 to $4,500 toward new-car purchases.
Detroit’s three automakers — General Motors, Ford and Chrysler — accounted for 38.6 percent of the vehicles sold. That figure is substantially less than the 45 percent combined market share that the Detroit companies posted in the first seven months of the year.”
Clearly is not that they do not want to win but that they don’t know how in this new world that clearly was created with the help of greedy CEO’s.
America, greedy CEO’s do not represent nor portrait the American Free Enterprise System nor American Capitalism because they do not capitalize companies in America.
On the Lighter side
Once upon a time at a conference of Economists The Critical Question was asked and the results were typical it is said
Q: How many conservative economists does it take to change a light bulb?
Answer1: None. The darkness will cause the light bulb to change by itself.
A2: None. If it really needed changing, market forces would have caused it to happen.
A3: None. If the government would just leave it alone, it would screw itself in.
A4. None. “There is no need to change the light bulb. All the conditions for illumination are in place.
A5. None, because, look! It’s getting brighter! It’s definitely getting brighter !!!
A5. None; they’re all waiting for the unseen hand of the market to correct the lighting disequilibrium.