Tuesday, August 18, 2009

The Time is Rife!

I know that the dole isn't much these days after decades of slash and burn neo-liberalism, so if you're unlucky enough to be unemployed this recession I wanted to bring this small bit of happy news: it has nothing to do with your intelligence or ability. In fact, being a fucking idiot improves your chances of doing well economically speaking.
Of course, if you've been around any time at all you probably already have a sense of that: George W. Bush was president of the United States for 8 years after all. Then there's the guys that managed to drive the entire species of US investment bank into extinction. That took a particularly impressive kind of stupid. And the North American auto industry, well, don't get me started.
And, hey, speaking of the auto industry - here's a little tidbit that I found today that demonstrates that even during a recession people who are dumb as posts can still be paid the big bucks and get into the newspapers.
First some background. I'm sure anyone who's read this far knows that the auto industry is in the tank because of massive over-production capacity. As this article in BusinessWeek makes clear:
"Having indulged in a global orgy of factory-building in recent years, the industry has the capacity to make an astounding 94 million vehicles each year. That's about 34 million too many based on current sales, according to researcher CSM Worldwide, or the output of about 100 plants."
Certainly everybody in the industry knows this fact. Well, it doesn't take a brain surgeon to figure out that if nobody is buying cars and you have an extra 100 factories kicking around producing nothing except pissed-off unemployed workers, now is probably not the best time to be building new car factories.
So, you can imagine my surprise when I came across this Canadian Press article entitled: "With auto sector in crisis, group says time rife for a Canadian made car" (yes, you read that correct, the time is "rife").
According to Scott Paterson, director of Canada's Automobile Research and Technology Association (CARTA), now is the perfect time to invest in car factories. His idea will be discussed tomorrow at a conference at the University of Ottawa.
By the way: guys like this run the world.
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