Millions of jobs got lost when Detroit didn't build what the market wanted... But management liked the fact that Hummers made more profit per unit than Aspires. Oddly enough, when the factories closed and the shareholders and bondholders were left empty handed, the upper management that created that situation survived.
Quote:
Originally Posted by sendler
If the goal is to get people to quit burning up so much fossil fuel, it must be heavily taxed.
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And that's the most efficient way to do things. Given the public policies that pollution is bad and using less fuel is good, Here's the cost you're going to pay to burn the stuff: figure things out. Let that invisible hand that the free market people like to talk about do its thing. We're already subsidizing cars with all our road construction, parking requirements and the like- what's so bad about shifting the subsidies to other transportation options that have a shot at
reducing congestion?