Comments on: $485 Billion in Value Destroyed, and Counting http://www.coyoteblog.com/coyote_blog/2008/11/485-billion-in-value-destroyed-and-counting.html Dispatches from a Small Business Sun, 12 Feb 2012 16:12:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: HS http://www.coyoteblog.com/coyote_blog/2008/11/485-billion-in-value-destroyed-and-counting.html/comment-page-1#comment-14748 HS Tue, 18 Nov 2008 13:33:03 +0000 http://www.warrenmeyer.net/coyote_blog/2008/11/485-billion-in-value-destroyed-and-counting.html#comment-14748 <p>If you look at all strong major economies of the world, they all have one thing in common - a strong manufacturing base. The center of that manufacturing base, which they all have in common, is making cars and many of them are subsidized to do so. Japan, Australia, Korea, Germany, France, Italy, UK, China, India and the US all have their own car companies. The ones that do not are left in the dust... Soviet Union, most of Europe, Middle East, Africa.</p> <p>One thing I learned is that free markets only work when all markets are free. An example from the Rockerfeller days, their needs to be fair market for free market to work. Right now, it is far from fair.</p> If you look at all strong major economies of the world, they all have one thing in common – a strong manufacturing base. The center of that manufacturing base, which they all have in common, is making cars and many of them are subsidized to do so. Japan, Australia, Korea, Germany, France, Italy, UK, China, India and the US all have their own car companies. The ones that do not are left in the dust… Soviet Union, most of Europe, Middle East, Africa.

One thing I learned is that free markets only work when all markets are free. An example from the Rockerfeller days, their needs to be fair market for free market to work. Right now, it is far from fair.

]]> By: Ethan Bloch http://www.coyoteblog.com/coyote_blog/2008/11/485-billion-in-value-destroyed-and-counting.html/comment-page-1#comment-14747 Ethan Bloch Mon, 17 Nov 2008 21:05:38 +0000 http://www.warrenmeyer.net/coyote_blog/2008/11/485-billion-in-value-destroyed-and-counting.html#comment-14747 <p>I as well read this article over the weekend and found many valid points brought forth from the writer. Sometimes you just gotta let free markets work. However, it is somewhat worrisome to think about what might happen in the event of a GM bankruptcy and taking the writers projection of how this cold play out, as fact, could be dangerous. </p> <p>Furthermore I do believe there are national strategic advantages to having a domestically owned automobile industry. Not sure how much of this has to do me holding onto old ideas, as I believe there are real disadvantages in America letting go of its automobile sector.</p> I as well read this article over the weekend and found many valid points brought forth from the writer. Sometimes you just gotta let free markets work. However, it is somewhat worrisome to think about what might happen in the event of a GM bankruptcy and taking the writers projection of how this cold play out, as fact, could be dangerous.

Furthermore I do believe there are national strategic advantages to having a domestically owned automobile industry. Not sure how much of this has to do me holding onto old ideas, as I believe there are real disadvantages in America letting go of its automobile sector.

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