Comment Not quite true... (Score 1) 88
He's Not Wrong... Cheap Chinese cars would be devastating to the America auto industry and to Trump's re-homing of manufacturing goals.
Not true at all. Or, rather, it depends on some time scales and definitions.
The same way that there is no such thing as a "selfless" act - no one acts selflessly. They just value different goals in their assessment of selfishness. Selflessness is simply selfishness on a longer time scale or with a wider scope.
Chinese cars will be disruptive to the US auto industry, but devastating... that depends on what you mean. One could argue, and I would tend to agree, that the continuing artificial protections are doing the industry more overall and long term harm. The whole key to capitalism and the free market is that the market drives a path to highest efficiency. Artificially protecting Ford et al from those drivers to efficiency is creating waste and giving the worst of both worlds. The greed of capitalism and the self-serving of authoritarianism. Think of Soviet Russia circa 1980. Falling under its own weight and crumbling infrastucture because there were no drivers to efficiency.
Chinese cars are probably the only thing that can save the US auto industry. It badly needs a reset.