[Skybird]

Nobel economist Krugman has predicted the end of US car makers, since their problems are structural ones and are rooting too deep. He said that giving them tax billions now only buys them some additional months of time. By which he says it is effectively a waste of tax money.

Practically all car makers currently suffer losses, even Toyota, and all German car makers as well, who for too long built expensive, luxurious cars, and did not adapt to the needs of the changing world. Ironically, GM daughter Opel suffered the most of all German car makers, although after years of bad design they now have relatively modern cars on offer. their US mother is pulling them down with them.

The era of industry and machinery depending on fossil fuels necessarily and unavoidably will come to an end, and we already have entered the process of this change. The only question is whether we understand this and take the time we have left to adapt as best as possible, or if we continue to reject what we do not want to hear (for we do not like to change our old familiar ways) and thus are heading into a very bumpy ride through long times of crisis and conflict, when we have run out of the old ways and find ourselves lacking sufficient new ways. Seen that way, electric cars are the clever way to go for both producers and consumers, but they are just one piece in the greater puzzle. Whether some people like electric cars or not, is not really important. and the earlier they become a strong market factor, the earlier they will have left the days of technological childhood behind, and will have grown in reliability, quality and performance.

the current crisis in economy, finance, ecology should be understood as an opportunity to implement major changes, and getting away from fossil fuels and machinery depending on them.