Editor's Notebook
Feeling Guilty About the Fall of Kodak
The digital age and the recession have dealt a one-two punch to the iconic film company that filed for bankruptcy last week.
Even with a Nikon D300 digital camera by my side and countless compact discs filled with digital photographic files sitting on a nearby bookcase, I got a lump in my throat Thursday when the news hit that Kodak had filed for bankruptcy. The AP story I was reading said the iconic company "could become the most storied casualty of a digital age that has whipped up a maelstrom of economic, social and technological change." The story quotes Toronto's Ryerson University professor Robert Burley as saying, "Kodak played a role in pretty much everyone's life in the 20th century because it was the company we entrusted our most treasured possession to—our memories." And how true is that? We all have thousands — if not tens of thousands — of …
Rob Hix
4:11 pm on Saturday, February 4, 2012
Kodak's story serves as a good lesson in free markets and Capitalism. If you no longer produce a product that consumers need or want, you will fail. That is, unless you're throwing millions of dollars in campaign contributions to liberals and Obama. Then your failure will be rewarded. The Chevy Volt is the antithesis of this. more ›