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by piva00
86 days ago
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Allocating a large amount of capital to losing/less competitive companies is quite the antithesis of what the USA's capitalism was about. Protecting the big ones comes at the cost of unfair competition to new competitors that could take over them. Tesla is the only auto company from the US who managed it, and in a short amount of time is also falling into the same complacency trap. Why is it ok nowadays to artificially prop up these companies? It has only led to the stagnation of US auto manufacturers, as it's expected when competition is curtailed. The same can be seen happening in Germany and its auto manufacturers, they are on the same trend albeit slower, in my opinion they have one last shot to turn it around before being out-competed and requiring the state to continuously protect and sustain them as the USA has done. |
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