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To: PMG who wrote (114068)	7/23/2001 8:19:16 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

PMG - ...Right, but this just the same as for asset investment. You cannot sell a plant or any other specific asset if the industry is in a death spiral. But these 'structural' or strategic changes can and should be addressed in the planning process. By the way, emergency lay-offs are also possible in Germany.... Planning is the problem, not the solution. A company that is not free to incrementally improve its competitiveness every day cannot survive without government protection from competition. Emergencies are the lifeblood of governments, and will be created at need. I suspect that Germany has still not created a net new private sector job in 40 years and would be well on its way to a century, if it were not destined to endure the political collapse of the mindless scheme of the faceless, unelected elite bureaucrats in Brussels to consolidate all of Europe into a single slave state with padded shackles. Regards, Don