Thread regarding General Motors layoffs

The Circle of Life. What GM did was over the top. Employees ate their own dog food. Who will buy their cars now? Not ex-GMers. It's just like GM financial. They will sell you a mediocre bond / note today. Yet ten years ago they boned bond holders during the bankruptcy. I lost 10k. My manager lost 20k. Do they think that we are stupid enough to drink at that trough again? Move on.

American style winner take all capitalism will eventually make the US a second rate power. We are not investing in infrastructure, education, people, etc. But to the elites that doesnt really matter anymore, as long as they get tax cuts and more money that you could spend in a hundred lifetimes.

Agreed. Upper management does it for stock price and pumping their already insane bonuses.

But trickle down!

Layoffs are immoral. To deprive someone of a wage not because he is failing to earn it or because you can no longer afford to pay it but because you have decided that you would prefer not to pay him is robbery. The fact that it has been a widely accepted and almost universally recommended business practice for more than 30 years tells us one thing: Corporations do not exist to deliver goods and services to people. Nor are they there to provide employment to workers. They are a nihilistic engine for the accumulation of wealth. Just as equine sporting events provide the necessary arithmetic for a numbers racket, so too is the fantasy of the corporation that Does Something an unavoidable component of making it possible for people to profit from an increase in its stock price. These people are playing Pokémon with the nation's wealth.