While Detroit Slept (3)
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By THOMAS L. FRIEDMAN (58)
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NYT > Thomas L. Friedman (46)
2 days, 16 hours
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Someone is already developing an alternative to Detroit’s business model. I don’t know if it will work, but I do know that it can be done and Detroit isn’t doing it.
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Jason Loyet said:
Our bailout of Detroit will be remembered as the equivalent of pouring billions of dollars of taxpayer money into the mail-order-catalogue business on the eve of the birth of eBay. It will be remembered as pouring billions of dollars into the CD music business on the eve of the birth of the iPod and iTunes. It will be remembered as pouring billions of dollars into a book-store chain on the eve of the birth of Amazon.com and the Kindle. It will be remembered as pouring billions of dollars into improving typewriters on the eve of the birth of the PC and the Internet.
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