How on earth did this happen? General Motors, the 100-year-old car company that once employed more than 500,000 workers and had a 50 percent market share, just crumbled into bankruptcy. The government now runs it. In the mid-'70s, I attended law school in Michigan. Even back then, foreign automakers -- especially the Japanese -- steadily shaved off market share from the once-mighty Big Three: GM,... (Read Full Article)