The quasi-nationalization of the automobile industry made it over on the model of subsidized British car companies that were unable to pursue their own business models, but had to shift with erratic government policies until they were hollowed out by American car companies. Now it’s the turn of government subsidized American car companies trying to meet the insane demands of Democrat administrations to be hollowed out by Chinese and Korean companies.
Ford and GM don’t exist to offer value to their shareholders, but to promote the political agendas of the Biden administration which simultaneously orders the automakers to meet the green mandates of San Fran tech elite class and the four hour work week demands of the UAW.
The automakers couldn’t even do one of these things, they certainly can’t do both.
A four hour work week? I am sure that this will go over well with our new Chinese overlords ...
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This is the quintessence of fascism. Communism confiscated the means of production. Fascism as practiced in Germany said to factory owners: “You can keep your property, but we’ll tell you how to run it.” And they did, right down to the local butchers and bakers.
Bump