Paul Ingrassia: The Lessons of the GM Bankruptcy - WSJ.com
Or why do I say they are in the process of failing all over again?
1. They are owned and run by the US government, the Canadian government, and the UAW.
2. They are pouring all their R&D into an electric car that very few people want to buy, and they are trying to sell said undesired car for double the cost of a comparable car.
3. Nothing has changed fundamentally about the way the company is run (feel free to point me to some evidence otherwise).
Or why do I say that unemployment compensation decreases motivation? Do I really need to answer that?