All posts by V.E. "Bill" Haloulakos

Dr. V.E.”Bill” Haloulakos is an AIAA National Distinguished Lecturer and a contibutor to The Business Thinker

SOME THOUGHTS AND OBSERVATIONS ON THE AMERICAN AUTOMOBILE INDUSTRY

Dr. V.E.”Bill” Haloulakos is an AIAA National Distinguished Lecturer and a contibutor to The Business Thinker

INTRODUCTORY STATEMENT 

The opinions expressed here are those of the author and they have been formulated and gathered from a lifelong experience in industry and academia. The intent here is to express these personal opinions and describe how a once shining example of industrial success and ingenuity became a mess that required massive government takeover.

A PERSONAL OPINION

The woes of the U.S. Auto Industry are solely the making of weak leaders who, for a variety of reasons, “floated” to the top. Because they lacked the vision and the imagination for the future, they became “accomodationists” instead, to the various pressure groups, be they the Government, Labor, or the Environmentalists, and forgot their real purpose, which was and still is to build and market safe, reliable and affordable products to the general consumer public.

The current practice of massive and very costly car recalls, quite often because of minor and/or isolated design flaws, can easily be remedied and the federal bureaucracy interference eliminated, if only the automakers would agree to jointly form and sponsor an independent auto test lab styled after the Underwriters and/or the American Gas Association Laboratories. Continue reading SOME THOUGHTS AND OBSERVATIONS ON THE AMERICAN AUTOMOBILE INDUSTRY

ON PHILANTHROPISTS AND THEIR ACTS OF PHILANTHROPY

Dr. V.E.”Bill” Haloulakos is an AIAA National Distinguished Lecturer and a contibutor to The Business Thinker

The purpose of this article is to propose and “make the case” for an expanded definition of the words “Philanthropy” and “Philanthropist” which, is as follows:

Modern-Day Responsible Capitalism is the best example of true philanthropy.

It creates an environment of economic progress and free enterprise which allows individuals to improve themselves, provides employment for many people, who in turn improve their lot and that of their families, expands wealth, which then provides opportunity for all, including for the “not so entrepreneurial” individuals as well.

It is to be noted from the start that we are not suggesting that there are not predatory and/or corrupt capitalists who do damage and bring shame to the free market enterprising business. But we are discussing the great value of the majority of the consumer product and/or service oriented free enterprise operations that have advanced our country and the world economy to unforeseeable heights and great prosperity to its people.

Continue reading ON PHILANTHROPISTS AND THEIR ACTS OF PHILANTHROPY