Not the same anymore

Say I had a lot of capital, or government stimulus money, and decided to open a manufacturing plant. Looking for name recognition, I buy the rights to use Studebaker’s name and logo. Is it the same company that shut down in the early 1960s?

Whatever sort of government owned and controlled auto manufacturing comes out of this, the General Motors Corporation we remember is gone. The name may continue, they make something that has a GM or Chevrolet nameplate, but it is not the same company. The only difference between my example and what is being done is the timeline.

GM really died when it accepted the first of the bailout money from the taxpayers, because that’s when it stopped being a business and became a government project.

GM is dead, long live GM.

The real destroyer of the liberties of the people is he who spreads among them bounties, donations and benefits.
–Plutarch

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