Now that government has in effect seized control of General Motors, it is worthwhile considering the difference between government and private sector thinking on basic management issues. Any commercial enterprise quickly learns that it must supply perceived value for the money it charges its consumers. Most new enterprises fail, learning this lesson the hard way.Government, on the other hand, assumes people must have whatever it produces, so that when demand drops (or costs rise), it can freely raise prices, assured that customers will have no other option but to pay. Government, in other words, thinks and acts like a monopolist.Most American Thinker readers are familiar with government water suppliers raising their rates when water conservation efforts (often in response to drought) succeed, driving down revenues. The latest example, in an entirely different sphere, comes from Los Angeles World Airports, a part of the City of Los Angeles. LAWA owns and operates two airports: Los...(Read Full Post)