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by lotsofpulp
2465 days ago
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At the returns the investors want, dominance is required. Lots of consolidation happening in auto manufacturing too, along with most fields. Even of the car makers that exist, I wonder how many would be kept propped up by a country just to ensure they retain manufacturing capability in case of war. https://www.reuters.com/article/us-renault-m-a-fiatchrysler-... |
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But everyone selling at a loss is getting their money from someone buying. Since the price of some of these companies is nonzero, someone must think they are a good deal at that price. Just speculating as to why.
As for war fighting capability: that is the legit justification for ag support, but modern factories can’t be repurposed that way. Nobody would expect IBM to be able to retool to build machine guns any more.
The right fix is many automated reconfigurable on-demand factories making goods close to point of consumption. But that’s a long way away, and wind use humans.