GM = tc^3 Outlives GM
Since last year, someone in Houston has become known for owning an electric vehicle.
Monday morning June 1 General Motors filed for bankruptcy. Given their history of building wasteful SUV's it is hard to feel sorry. The Chrysler Corporation will shortly follow into Chapter 11. These corporations may stagger on like zombies, sustained by government takeovers. Subsidies cannot possibly work, for if these companies were good investments then real investors would buy them. No amount of taxpayer dollars will make people want to buy cars. Ford Motor Company, which has so far resisted government control, may be the only surviving major US auto manufacturer.
There is a precedent in commercial aviation. As late as the 1970’s the US had a “Big 3” making jet airliners: Boeing, Lockheed and McDonnell-Douglas. After the expensive L-1011, Lockheed stopped making commercial jets. McDonnell-Douglas, which was already product of a merger with the Douglas Aircraft Company, combined with Boeing in the 1990’s. Jet manufacturing moved overseas with the rise of Airbus and smaller competitors Bombardier and Embraer. With the success of the 787, Boeing is today the sole US commercial jet builder.
With the end of the Cold War, the US aerospace industry consolidated. Grumman Iron Works built the Lunar Module and Naval aircraft like the F-14 and A-6. It merged with Northrop, maker of the B-2 bomber, to become Northrop-Grumman. Lockheed merged with Martin Aircraft to become Lockheed-Martin. This consolidation took place without any government subsidy. Quite the opposite, it occurred in response to the government downsizing defence dollars.
Proponents of "dark energy" seem to dominate, but once Houston was dominated by an energy corporation called Enron. At its height Enron employed 22,000 people, far more than the physicists who peddle “dark energy.” Enron’s profits appeared to accelerate like the universe, but those profits were sustained by fraud. Like the best liars, Enron employees believed that their frauds were the truth. They willfully ignored evidence that Enron was a house of cards ready to fall. The difference between Enron and “dark energy” is that Enron actually owned some energy.
GM = tc^3 has many advantages over GM survivability. GM = tc^3 has no overhead, no legacy costs, no benefits promised to workers, no union pay scales. GM = tc^3 needs no expensive “dark energy” probes, for the evidence already exists. Several lines of data say that light has been slowing according to GM = tc^3 for billions of years. If true, GM = tc^3 will last far longer than any human corporation. Who wants a ride?