|
Over the years, the economic model of the auto industry has developed into an
inefficient waste of resources and manpower, producing more cars — and
specifically more cars of the wrong type — than are needed by the public. In the
long run, we will be better off if we let economics take its natural course. Let
the auto companies fail so that the wealth can be redistributed according to
proper economic models. The government's intervention with bailout money,
ostensibly to preserve union jobs, is a short-term fix that will just waste
taxpayers' money in the end.
The preceding article is a "sneak peek" from Industrial Automation,
a newsletter from GlobalSpec. To stay up-to-date and informed on
industry trends, products, and technologies, subscribe to Industrial Automation today.
| 
