GM is the typical, 21st American company whose goal is to maximize profit by selling to Americans while making nothing in America. In the long term, it simply is not sustainable, but most companies can’t think beyond the next quarter, let alone 20 years down the road.
Henry Ford was a flawed man, but he was smart enough to realize that there had to be a prosperous Working class (if not Middle class) to buy his products. That was then. Today, most American corporations truly believe that the Government will just GIVE the American people the $$ to buy their products. The long-term viability of that assumption does not seem to concern them. It is the height of short-term thinking, but it is what it is.
Once the USA’s industrial base( and the accompanying knowledge base ) is gone then we will be ripe for the pickin’s. The only good news is Europe will go first down the shitter.
The first cold war was fought with military hardware and we bankrupted the USSR. Now we find ourselves in a second cold war and the Chinese and they are using every trick in the book to bankrupt the USA and destroy the USA’s industrial base, with slave produced product, which is the heart of the USA’s strength. They are winning. A combination of corruption and stupidity will destroy the USA.