Friday, May 29, 2009

Creative Destruction

Chris-Craft was a dying boatbuilder when a fellow recruited a few of their top craftsmen to start a company called Grand-Craft. The made 18 boats in 2007, and turned a profit, like every year. They are a small business. If the Big Three automakers fail, we will have countless new automobile companies. Since we are paying to bail out companies that will fail anyway, at least the IP of the automakers should be open-sourced to make theis new industry thrive better faster.


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