Auto Bailouts and the Innovators Dilemna (sic)

By investing in an old idea, and the old guard of the U.S. auto industry, we slow the next wave of change from happening. We enable thousands of people to believe their old ways and skills are still viable, instead of motivating them to seek out new skills, products, or roles that have a chance at thriving in the decade and the next.

When you’ve been successful with an idea for years, an idea you’ve put your life into, its hard to recognize it’s time to pull the plug. Odds are high you’ll need someone else to pull the plug for you.

Related: giving retention bonuses to executives at the banks and other institutions the taxpayers are bailing out. Why? Because you’re worried you might have to hire a replacement who’s incompetent?