“For years, I thought what was good for the country was good for General Motors and vice versa.” So said General Motors CEO Charles “Engine Charlie” Wilson to the U.S. Senate when President Dwight Eisenhower nominated him for Secretary of Defense in 1953. A Senator had asked Wilson if as secretary of defense he could make a decision adverse to the interests of General Motors (G.M.)…..The notion of an identity of interests between G.M. and America may have once been comforting for a leading capitalist coordinator like Wilson, but it was a deadly illusion. Read more….
