General Motors has announced to the world that one of the largest industrial companies is seeking bankruptcy protection. I think I need to be given a better definition of what constitutes “too big to fail.” One pictures GM over the past decades and sees this slow, lumbering behemoth trying ever so hard to squeeze its massive size into a marketplace of agility and grace that does not conform to behemoths. Meanwhile, quickness, nimbleness, responsiveness and flexibility of the upstarts (underdogs) enter into the marketplace and find acceptance and success.  Just look at the market position now enjoyed by Hyundai and Kia. Have you rented a car lately at an airport? Not much Big 3 represented.

 

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