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by sillybov3456 1206 days ago
The other point of view is that the industry would have been entirely off shored. I think this is particularly a concern in tech, where US workers are notably spoiled even in comparison to the rest of the US. That wasn't the case with the auto workers to the same extent and so people were more sympathetic.

I'd imagine everybody in tech gets told to fuck off pretty rudely if it ever gets to the point of bailouts, so the good news is that your concern is unfounded.

1 comments

>The other point of view is that the industry would have been entirely off shored.

No, it wouldn't have. The ownership might have, but that's ok. Lots of great cars are built in the USA, by American workers, by companies like BMW and Honda and Toyota. If GM had been allowed to die, that would have simply meant more foreign-brand-owned factories in the US.

Why do you care so much about the nationality of the top execs?