>>"If Japan’s bailouts remind you of the U.S.'s rescue of its auto companies, you’re not alone. There is a strong argument that the auto bailouts only delayed t

>>"If Japan’s bailouts remind you of the U.S.'s rescue of its auto companies, you’re not alone. There is a strong argument that the auto bailouts only delayed the day when General Motors and Chrysler lose out to nimbler competitors like Tesla Motors." > >Right, but the USA bailout of the auto companies seems to have been a good bet. There's also the fact that Toyota was initially perpetually bailed out by the Japanese and had their exports subsidized by suppressing the value of their currency. The Asian tigers and their auto companies didn't just appear out of nowhere. In a way, the auto bailouts can be seen as just levelling the playing field somewhat. Free market religion never did build a wealthy industrial economy. Judicious application of subsidies did though.