Sunday, November 30, 2008

throwing money away

What on earth is wrong with the US and UK? Both countries are planning to throw state (our) money at ailing car companies.


This is 70s style socialism (remember British Leyland?)

Sometimes you need to remind Bush and Brown how capitalism works. Companies that start to fail - no matter for what reason - should be allowed to do just that. Tinkering with the market to avoid closure does no good at all, in fact it does harm. The most essential part of successful capitalism is creative destruction - as a crap company fails good ones step in to take their place. Otherwise we get frozen into a moment of time where nothing changes or develops.

Let GM go to the wall. Let them all go to the wall.

Nobody will be buying cars - or certainly not the lumbering fuel-inefficient monsters Detroit seems to favour - in 20 years time. We expect our car to last us at least another 10 to 15 years (if diesel's still available of course), hopefully after that we'll be sussed enough to no longer need one. Kids today will never drive, they'll walk, cycle and use public transport - and be happier and healthier for it.

Why on earth waste a single moment on bailing out companies that will no longer have any role in a modern world? What are the socialists Bush and Brown thinking of?
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