A case for government intervention?

[Takeda Shingen]

Originally Posted by GoldenRivet

we will never know the answer to this question... we will only know that - if it had failed and vanished another would have risen to take its place.

its called the free market. by allowing GM to fail, who knows? perhaps it could have given rise to companies producing highly stylish electric cars, like Aptera or some other small company.

^^This.

One of the major tenants of free market capitalism is that companies that are unable to sustain themselves, as well as the needs of the public, fail. GM was and is unable to do so. What is clear now is that instead of going out of business and possibly giving rise to companies that offer a superior product, it is now a dinosaur on interminable life support from the federal govenment, which has the clear intention of nationalizing the American automotive industry; a result that will be vastly more catastrophic than the loss of General Motors.