the problem is that the rest of us are living in a world where the concept of "pension" went extinct, oh, 20 or 30 years ago.
No one outside the auto industry and the government has the concept of a guaranteed job or retirement; why have we allowed such an anachronism persist?
Yes, millions of people have tied their futures to a ponzi scheme of ever-larger and complex and irrelevant vehicles being built and sold every year to... the rest of us. Guess what? We all bet on the wrong horse sometimes, and lose it all. Yes, it's lives and houses at stake. I've already watched my retirement go down the drain thanks to regulatory failures. And it's one thing to bail out the dollar. It's another to bail out companies that can't build a product that sells.
I say this knowing that a whole branch of my family lives in detroit and is dependent on the car industry. Nothing is guaranteed. Ever. You just have to start over again.
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No one outside the auto industry and the government has the concept of a guaranteed job or retirement; why have we allowed such an anachronism persist?
Yes, millions of people have tied their futures to a ponzi scheme of ever-larger and complex and irrelevant vehicles being built and sold every year to... the rest of us. Guess what? We all bet on the wrong horse sometimes, and lose it all. Yes, it's lives and houses at stake. I've already watched my retirement go down the drain thanks to regulatory failures. And it's one thing to bail out the dollar. It's another to bail out companies that can't build a product that sells.
I say this knowing that a whole branch of my family lives in detroit and is dependent on the car industry. Nothing is guaranteed. Ever. You just have to start over again.