Article gives most stupid of all examples to prove point.
The competition that brought GM down was foreign car makers operating in their ow countries and own economies.
I’m not sure about that, but I do see some flaws in the GM argument. For one thing, GM’s market share had already dropped over the five years preceding the 1967 year cited in this article. And it was Ford and Chrysler — not foreign competitors — who were gaining as GM declined in that period.