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Originally Posted by LostCause
How is it that Ford has always done poorly with small cars, yet the Japanese have (historically...) done well. The problem is that domestic car manufacturers are too conservative. They build what will guarantee a profit today without putting any though into innovation.
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They haven't made much on the cars either. They have made money, but not much.
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As far as Oil companies, the issue isn't them making a ton of cash...it is them making all the cash. It's great when 1% of the population owns the vast majority of the wealth...when you are in that 1%. I think we went wrong when America became involved in the cold war.
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That is a misconception. Oil companies do not own themselves. They are owned by common people, most of whom own them through their retirement accounts. In addition, most oil outside the US is produced by government-owned oil companies. China, for example, is the biggest oil producer. There are relatively few true oil companies, and the biggest, Exxon, only produces 2% of the world's oil production.