Two Dinosaurs: GM and US.

I was thinking about the extinction of Dinosaurs, which at one time dominated the earth, with their massive bodies and ferocious appetites. When a crisis occurred, and the whole paradigm of life changed, they were outdone by nimbler creatures.Their massive frames, which at one time were big assets, became big liabilities.

That analogy seems apt when applied to two of our dominant institutions. GM, which strode the automotive world at one time as the mighty colossus, is now fighting for its life, unable to adjust to a new world populated by nimble adversaries like Toyota, BMW and Honda.It every strength in the early days, ability to produce millions of vehicles of the same kind, expecting people to buy them no matter what, has become a deadly liability in an era where consumers have multiple choices and there are competitors willing and able to serve those needs.

Take the next example,the US. After WWII, it too strode the world as a colossus, and with our own Ivy League Imperialists like George Kennan, created the policy of containment to launch a Cold War against the Soviet Union.That pyrrhic victory has practically bankrupted us.Even so, the Little Dictator Bush, has dragged us into a Fantasy War that is bankrupting us more.

We now face the prospect of nimble countries able to outsmart us, invest money in the education of their people, live within their means and grow their economies by catering to profligate countries like ours. Those countries, unless they succumb to the Imperialist Temptation that is dragging us down,will rule the earth after the dinosaur, the US, is relegated to a Third World status as Paul Craig Roberts has so ably pointed out.

people from the automotive industries.