"Unions are often better at killing jobs than creating them." T. Sowell In October 2024, I made a video about VW's crisis. I never posted it here. Until today. I have been reading T. Sowell's books, the brilliant economist. That line went against everything I believed in. Still, it kept lingering in my mind, and I had been paying close attention to VW ever since. Today, Volkswagen forced me to take it seriously. At the time, it was breaking news. Volkswagen was reportedly considering closing factories in Germany for the first time in its history. The Works Council was pushing back. The unions were striking. Management was talking costs. Politicians were under pressure and not on the same page. The shock back then was not even the headcount. It was the idea that VW would shut German plants at all. In December 2024, the unions and VW signed a deal. 35,000 jobs cut, deep wage cuts, but the plants stay open and no forced layoffs until 2030. Then the number climbed to 50,000. Eighteen months later, VW reportedly wants to close four plants and cut up to a staggering 100,000. I am not posting this because I think management was innocent. They were 100% slow, and arrogant about the changes happening in real time. Software became a real weakness. China moved faster. Europe's EV transition got harder than anyone planned. But watch the old video and you can see the full picture forming. A company crisis. A direction crisis. A union crisis. A political crisis. A competitiveness crisis. All at once. That is why I am sharing it now. Not because it was perfect. I made it in a hurry, with fewer than 500 subscribers. But looking back provides a context, that is often lost in the fast paced world we live in. Back in 2024, I thought Sowell was too harsh on unions. I don't think that anymore.

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