Friday, October 31, 2008

Innovate or die

Chrysler and GM will most likely merge sometime within the next several days. The federal government is saying that it wont provide any money to facilitate the merger. In reality, the two companies will need billions of dollars in government aid to make this work. And they'll get it. Since the government won't allow these companies to die--and they shouldn't--we should make sure that the new GM/Chrysler is forced to innovate (namely through high fuel efficiency standards) since there wouldn't be as much incentive otherwise.