Quote:
Originally Posted by WildBillyT
Much like people who only drink imported beer. Doesn't matter if the beer tastes awesome- if it's American, that means its crap.
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Sadly, its true. Most Americans believe that if its forgien, its better in one way or another then American. (Better could mean cheaper too)
Reputation is a huge factor is the current situation the Big 3 is in right now. When people think Honda, most think of cheap and durable. Even if you could buy brand new car from one of the Big 3 that is the same price and have the quality, most people will go with the Honda. Every car company has a reputation or image, that people automatically think of when the name is mentioned. The more car oriented crowd knows that every brand has its positives and negatives, but unfortunately, most Americans don't.
Now, America isn't the only problem here. GM can't seem to sell cars outside the U.S. Is this due to poor reputation, or due to poor marketing? Almost every GM fanboy will admit that GM's advertising sucks extremely hard.
Should we let the Big 3 pass? Well, Adam Smith's capitalism would say yes. Companies would die, and if their service was deemed important enough, some other company would take over their market share and be more efficient and productive.
But, that Laizze Fair (Spelling is way off, been a while since my last economics class) attitude leads to huge ups and huge downs in the economy. See the great depression and even the current market meltdown as examples of this. So the government should regulate businesses to prevent that from happening.
Sometimes you have to stick a penny in an electrical socket to learn a lesson. This is where we are at with GM. Let them fall, and either they will learn how to pick themselves up and realize their mistakes and make a comeback in a few years, or they will continue to make the same mistakes and soon be deemed unnecessary by the markets and replaced.