The Forum: Is What's Good for GM Good for America?

Once upon a time, GM represented the folk wisdom about the great successes of American enterprise in raising the living standards of all Americans. But now GM is the symbol of corporate failure and in its wake comes the most significant and perhaps the most radical - efforts to use the bankruptcy laws to reorganize manufacturing, labor relations, pension and health obligations, tort liability and franchise contracts. The scale and the redrawing of priorities in the GM and Chrysler bankruptcies not only is a challenge to the law of insolvency, it may be the framework for enterprise organization and industrial policy going forward. The Forum presents a discussion of what is new, what is radical, and what is familiar in these cases with experts, Barry Adler, Sandy Esserman, Samuel Issacharoff, and Troy McKenzie.

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