The Beginning of The End: Congress To Nationalize The Auto Industry
Politics • December 2008 • Views: 486
When the government takes over an industry, there are no market forces in play; politicians who no nothing about running anything decide they know how to revive a flagging industry; and new products are made based on Congressional political agendas rather than a public demand.
When the British did a “bailout” 40 years, it was the end of the British auto industry.
Congress is about to do the same thing.
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