“If anyone can produce reliable cars, why be in the business? No doubt Americans could if they chose to manufacture great tube socks, toothpicks and paperclips, but why produce what anyone can? If anyone can produce something, the margins are naturally going to be small. Cars today fall into the ‘anyone can produce them’ category, and the fact that they do explains Detroit’s demise more than anything else.” "And just as Silicon Valley would be destitute too if its companies used limited U.S. labor to manufacture computers that anyone can make, Detroit is bankrupt because its biggest employers still manufacture – as opposed to simply design – cars that anyone can make."
Posted on: Sun, 21 Jul 2013 22:17:54 +0000
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