3 ms·
> a thing that US manufacturers did back in the day Is this...a joke? We are currently going through inflation caused directly by margin chasing and stock buy
by jklinger410 3y ago
> a thing that US manufacturers did back in the day
Is this...a joke?
We are currently going through inflation caused directly by margin chasing and stock buybacks. If you look into any industry you will see a long race to the bottom to get the most money for the least product imaginable.
It's the #1 function of a capitalist system, to extract the most value for the least work. Margin chasing is all we do. It should be included in our national anthem.
- rsynnott 3y agoObviously US automakers want all the margins they can get, but in the past they pursued margins _to the extent of making very low-quality cars_ (then had their lunch eaten by foreign competition; it did not work out well for them at all). They largely don't do that anymore; their quality is more comparable to foreign competition than it used to be.