Argentina supported its domestic auto industry for over 30 years and succeeded in nothing but wasting a ton of money and inconveniencing everyone who wanted a d

Argentina supported its domestic auto industry for over 30 years and succeeded in nothing but wasting a ton of money and inconveniencing everyone who wanted a decent car. Import substitution is a great way to pay off your political allies but it’s terroble for all the people who have to pay higher prices for lower quality goods as a result. https://en.wikipedia.org/wiki/Import_substitution_industrialization https://en.wikipedia.org/wiki/Import_substitution_industrial...