Much of the troubles the German car makers have had was because they bought into the American companies thinking they could make them into profitable subsidiaries.
Nobody put a gun to Daimler's collective head and forced them to buy Chrysler.
Then again, greed and stupidity are traits found worldwide.
As for outdated or flawed economic models...
All economic models are inherently flawed because commerce is founded upon the basic human failing known as...greed.
You could try to eliminate greed, but finding places to bury roughly 6 billion bodies would prove problematic at best.
__________________
Still sailing the high seas, hunting convoys with those who join me.
|