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It's not scraps of a dying industry if every time you die you get tens of billions in bailout money. [1] 1: https://knowledge.wharton.upenn.edu/podcast/knowled
by gnicholas 3y ago
It's not scraps of a dying industry if every time you die you get tens of billions in bailout money. [1]
1: https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/auto-bailout-ten-years-later-right-call/ https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wha...
- DennisAleynikov 3y agoThis only furthers the point being made. Why are we keeping them on life support?
- mr_toad 3y ago> Why are we keeping them on life support? A million auto industry workers is a lot of votes.
- xethos 3y agoBecause Amercains bitch about "We can't build anything anymore" otherwise? Because a ready and well-practiced, upskilled workforce is important to a country, in everything to thr economy to wartime preparedness? Because Americans will continue to demand cars, and it seems pertinant to allow at least a path or two for a secure, national brand? This is a tech forum. What happens when networking equipment only comes from other nations (that won't subsidise their industry either)? We end up having Huawei as the economic choice. A brand known for having deep ties to a political party that America is increasingly likely to enter at least a cold war with. You're asking why supporting home-grown is bad like the last 4 decades of offshoring wasn't destroying what remains of middle Americans.