aeronca65t wrote: There are surely some bad apples in the unions, but the real problem is companies that are managed by people who only look to the short-term, next-quarter profits. And those management people are spurred on by investors who don't care about long-term stabilty (or the folks on the production line, for that matter)...they just want a quick buck and will bleed the company dry and walk away. In my opinion the real fault is the investor class that promotes managers that will do their bidding for profits *right now* (and with little concern for the long term stabilty of the company). The Japanese companies always looked long-term and didn't make decisions based on short-sell investors. Their cars are good because their management was more concerned about long-term success. That also worked well for the blue collar folks, so the managment/worker relationship ended up more cooperative and less adversarial. As bad as some unions can be, at least they have *some* long-term interest in the auto campanies. The investors didn't care what deals were made with unions when the money was flowing. But now that they are missing out on their short-term gains, they blame the folks in the trenchs. W. Edwards Deming must be rolling over in his grave.
Very well said.
Short-sighted thinking and lack of long-term planning is the root cause of this entire financial mess. There's a lot of finger pointing about lack of foresight, but the truth is that it has become a part of our culture and every single segment of the population shares some blame.
Sure, you can blame the UAW for continuing the jobs bank or GM for investing heavily in the GMT900 program while Toyota was launching the Prius or banks for predatory lending or the government for making more money and increasing the national debt.
But what about the thousands of “day-traders” who move their money around so quickly that companies are virtually forced to focus solely on next-quarters earning? What about the 43% of Americans that spends more than they earn? What about the shoppers that have shunned their neighbor’s small town businesses to save $2 at Wal-Mart?
I really think the middle-class has e-traded and granite countertopped their way into this mess but still will not accept their portion of blame.