Alfred Sloan, the [long-time] chairman of General Motors, framed the question this way: “Is American business in the future as in the past to be conducted as a competitive system?My, how things have changed.
He answered: “General Motors . . . will not participate voluntarily in what stands out crystal clear at the end of the road: a regimented economy.”
[Note: the article topic is What Ended the Great Depression? Well worth a read.]
2 comments:
I'll believe it when I see it...And keep buying Ford:
THEY didn't take the bribes from Der Schtaat!
Me, too, Ted. Only, I'm not sure you're aware - since I didn't make it clear - that Sloan was the CEO many years ago. He died in 1966.
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