Actually, anti-trust law has nothing to do with this. Antitrust means companies can't gain up on other companies. Like Apple and Google can't have their CEOs on the boards of the other company. And oil companies can't collaborate to set gas prices.
Actually, General Motors Company is scheduled for an IPO next year. And it was Bush's administration that started the nationalization of various banks.
It happened in Japan. When they started in the 50's they were lean, mean manufacturing machines, with a hungry workforce. They developed their skills, and took the auto and electronics industries by storm, esp for packing more value and features into the product at a lower price. The thing was, there was also quality, and I think the Japanese lifestyle had something to do wit that.
Now, they are becoming more Americanized to a degree, and they are also having the actual work done in China. The Chinese will soon be doing their own engineering, and Japan will also be outside looking in, the way we are right now.
We have the brains, the skill and the know-how, and we are also grwoing a hungry workforce just by the sheer numbers of people looking for work. But the Japanese and Chinese had one thing we didn't: discipline. If you didn't go to school, you didn't work. Period. And the schools made sure the kids had the skills needed to be productive. Here, we're too busy teaching Political Correctness and other bullshit kids don't need. So we get three classes: the leaders, the manager, the movers and shakers; the somewhat educated workforce, and the welfare dregs. The first two have to work to provide for the last one.
It is hard to compete with courtiers where the annual working mans wage is less than $1,000 and there are far fewer government regulations that restrict business.
I know where there is a virgin Edsel. The woman who owns it has had it garaged since her husband, a local dealer, was killed in an accident some years ago. It should be absolutely cherry.
If you are serious, let me know. She will not sell it now, but is getting on in years and it WILL come onto the market before too long.
The NADA Collector Car Guide lists a top of the line Edsel Corsair 4 Door Hardtop, in average condition at up to $15,000, not bad for a car that cost less than $3,400 when new.
However any vehicle that has been sitting un-driven for all many years will cost a boat load of money to have it restored.
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