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I like it, let capitalism work as intended by culling out the weak. They should have done the same with GM and Chrysler instead of bailing them out, we'd have a

I like it, let capitalism work as intended by culling out the weak. They should have done the same with GM and Chrysler instead of bailing them out, we'd have a faster transition to electric today.

gonzo41 4y ago
There's strategic reasons to have those companies beyond they employ a stack of people. The US sees the big auto makers through they eyes of a country that needed at one point to start manufacturing around 100,000 bombers to fight in a war. Government sees industry with a different lens to the markets.
- randmeerkat 4y ago
  > The US sees the big auto makers through they eyes of a country that needed at one point to start manufacturing around 100,000 bombers to fight in a war. The same companies that said they couldn’t make ventilators at scale when asked to? Bailing those companies out based on an old reference to WW2 was just good marketing, not some deep insight only the government is capable of.
  - gonzo41 4y ago
    They did make ventilators at scale. Covid's a bad example IMO, mostly because there was and is so much politics around the issue that there wasn't really a concerted push from government at the time. From the outside the administrations looked like it had to be dragged kicking and screaming to solve that problem.
belter 4y ago
Who do you think helped Tesla survive? "Taxpayer Subsidies Helped Tesla Motors, So Why Does Elon Musk Slam Them?" - https://www.motherjones.com/politics/2013/10/tesla-motors-free-ride-elon-musk-government-subsidies/ https://www.motherjones.com/politics/2013/10/tesla-motors-fr...