Atlas Shrugs, Wins Darwin Award

From USA TODAY:

(General Motors Chief Executive Rick Wagoner said)…GM never could have predicted how quickly the change would come as oil prices doubled in the last year.

“We missed that, but I think us and 99.999% of the rest of the people in the world did too,” he said.

I see.   Well then, Mr Wagoner, if you Titans of industry and finance are no different from “99.999 percent of the rest of the people in the world”, then how in God’s name do you justify your multimillion or billion dollar pay packages?

2008 will go down in the chronicles as the year when the economically libertarian “Atlas Shrugged” and then played Russian roulette with an automatic pistol.

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2 Responses to Atlas Shrugs, Wins Darwin Award

  1. Adriana says:

    Yup, GM would have been better off being run by a gypsy with a pack of Tarot cards.

    Actually there were people who knew that something like this was going to happen, and that, conditions or no conditions, it is always sound to offer efficient machines (high mileage) rather than less efficient.

    (Reminds me a judge said to the relatives of a woman who, they said, was giving her money to a scam artist “people have the constitutional right to be stupid” Yes, they do. And we have the right to call them stupid…)

  2. Ned Kelly says:

    In all seriousness, Tarot cards can at least be used to provoke thought. But thoughtless fetishisation of the “free market” requires no thinking at all.

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