re: #218 Wendell Zurkowitz ((slave to the waffle light))
I used to really be proud of American Capitalism. Then I saw the US government doing exactly what the USSR did with its industries: baling them out to keep people employed instead of letting inefficient industries fail.
But nobody in America wanted to face the social and political consequences of letting the Invisible hand jerk us around…and we still don’t, unless the people getting jerked are already poor or dark-skinned.
The irony was that the attempt to protect Detroit through tariffs was just the fillip to get Subaru-Isuzu (at the time) to build in Lafayette, Honda into southern Ohio, and Toyota into Kentucky—followed of course by German and South Korean makers. So, in some ways, I guess it worked. Not so much for the union guys, though.