I can save GM
General Motors savior may be in it’s illegal aquisitions from 70 years ago. From the 1920s through the 1950s GM and Firestone bought up all the private commuter rail they could, including subways, cable cars, electric trollies, etc… So that they could crush it forcing people to buy cars to get around. The Supreme Court fined them botha whopping $5000 for violating antitrust laws and single handidly destroying the American metropolitan area. Today, much of that old infrastructure still exists, albeit in a dilapidated state, and GM still owns thousands of miles of rail easments in dozens of cities across America.
Obama put over $8 billion in the stimulus bill for commuter rail, why not give GM a few billion bucks to renovate and reopen the old subways and trollies? Los Angeles used to have one of the largest networks of subways and cummuter rail in the world before GM destroyed it, and most of the old tunnels still exist and only need some renovation to be functional again.
By doing this we can save GM and it’s vast capital infrastructure, help the environment by removing cars from the road and force one of the slowest-to-adapt manufacturing giants to finally diversify.
No Comments »
No comments yet.
RSS feed for comments on this post. TrackBack URL
Leave a comment
You must be logged in to post a comment.