GM and China .... YouTube

[frugal-one]

http://www.youtube.com/watch_popup?v=Lvl5Gan69Wo

[freein05]

Capitalism at it's worst!

[ApatheticNoMore]

I watched the video. Is it in repsonse to the silly quote "Bin Ladin is dead, GM is alive". Someone who might be Bin Ladin so we are told, but where's the DNA, where's the other identification, has a body dumped in the ocean, and GM is alive, and Detroit IS DEAD. Or if not exaclty dead Detroit is not Detroit, it's a half abandoned city with much manufacturing gone in a fascinating if almost apocalyptical post-post-post industrial experiment (the urban farming and so on is a cool). But some corporate entity is alive (almost like a person we even contrast them to a real person, even if a bad one in that phrase "Bin Ladin .."). A few union workers took their cut without solidarity (for future and younger workers), without a future. And cheering for some corporation is supposed to get me real exicited, but how many corporate entities hands are clean? Maybe some, not GM.

GM funded global warming denial:
http://planetsave.com/2012/03/30/gm-dumps-heartland-institute-over-global-warming/
http://www.corpwatch.org/article.php?id=247

Now if the U.S. wants to claim strategic interest in maintaining an auto-manufacturer I could kind of understand that, though it's nothing to cheer, more in sadness than anything you know. But if it's really just manufacturing mostly in China anyway as per that video, what's the point?

[creaker]

Capitalism at it's worst!

GM's walking a path many, many other US corporations have already gone down a long time ago.

It's not about America - or Americans - or even GM - it's about money.

[freein05]

That is so true creaked. When people or corporations (I guess they are the same now) let money become their God! Profits rule the world.

[ToomuchStuff]

GM is a publicly traded company. It hasn't been a US company for some time as anyone can buy it (through shells, etc). When companies hit their size and are global like GM, they can tell governments off, take them on in court for decades, etc. China, is the next emerging market for growth and to get into it, you do have to deal with the government, and all the bribes, etc. I am not getting why people are surprised here.:confused:

[ApatheticNoMore]

Who is surprised? Apparently my cynicism isn't what it used to be, it's vigor waning, and I'm not coming across as appropriately cynical anymore. I'll have to work on that, go the cynical gym and bulk up or something.

[LDAHL]

GM is a publicly traded company. It hasn't been a US company for some time as anyone can buy it (through shells, etc). When companies hit their size and are global like GM, they can tell governments off, take them on in court for decades, etc. China, is the next emerging market for growth and to get into it, you do have to deal with the government, and all the bribes, etc. I am not getting why people are surprised here.:confused:

Don't the feds still own about a quarter of GM shares?

[ToomuchStuff]

So? 25%, verse 75% that chases their religion, the all mighty dollar.

[LDAHL]

Don't the feds still own about a quarter of GM shares?

But add the equity stake held by the UAW VEBA, and it's hard to make the argument that GM is dominated by voracious private capital.