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Worth pointing out that GM actually failed as a business and only survived the 2008 recession because the government briefly nationalized it as part of an econo
by philwelch 4y ago
Worth pointing out that GM actually failed as a business and only survived the 2008 recession because the government briefly nationalized it as part of an economic bailout. In a free market GM wouldn’t exist.
- letsdothisagain 4y agoIt's worth pointing out that the free market would replace it with BYD. Economics are politics, and as such are a little more complicated than that one chart you saw in high school.
- tgma 4y agoSomehow BYD is the product of free market in a way that GM isn’t? I think that’s a ridiculous characterization for any Chinese company operating at scale.
- pySSK 4y agoIt's a moot point. In a free market, Tesla wouldn't exist either and neither would some of the biggest financial institutions, or the interstate highway system.