After the '29 crash debtism no longer functioned. Companies couldn't make money by stock manipulation. Customers were no longer living on margin and speculation. Companies had to figure out FAST how to make a profit by selling things to people who were living on real incomes.This is another LESSON FROM EXPERIENCE that Elon dismisses along with experience in manufacturing. His cars are aimed SOLELY AND SPECIFICALLY at hard-line members of the Gaian Church. Non-members need not apply.
At GM, Cadillac sales dropped by more than half. Cadillac didn't know what to do until Nicholas Dreystadt came up with a peculiar solution. Dreystadt had started his career at a Caddy dealer in Chicago, moved up to regional sales manager, then moved up to the national offices.
He had seen something interesting in Chicago. The black upper class loved Caddies, then as now. Cadillac dealers were more interested in eliminating The Wrong Sort Of Customer than making a profit. Rich blacks had to hire white "proxy buyers" if they wanted a Caddy.
Dreystadt proposed a strange new idea to GM management: Instead of trying to run an exclusive social club, RUN A FUCKING BUSINESS. Sell Caddies to anyone who could pay for them. Product out, money in.
Management was skeptical but let him try it. It worked. Caddy sales jumped back up and stayed up.
Labels: Carbon Cult, Sorosia
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