true, this is the kind of example where jim rogers is right. they should let every dealership fail. they should let GM and F fail as well, there is no risk there
Yes there are! There are also too many fast food restaurants, gas stations, banks, grocery stores, hair salons, insurance companies, bars, liquor stores, Home Depots, Walmarts, Shopping Malls in general, etc., etc., ...you getting my point? Where does everyone work when we become super "efficient"?
This is the problem when machines take over, too. e.g. - the new cashier-less checkout lanes. China will have a monumental task of keeping their population employed in an increasingly automated world.
It'd be all just a little bit of history repeating. I find it incredibly ironic that we're so freely helping to build the army and weaponry systems of America's next true rival. Technology transfers are just the beginning.
I agree. A friend of mine sells high end watches and I love pissing him off too about his parasitic contribution to trade but then he reminds me I'm nothing but a futures speculator, lol. I'm sympathetic in a way to car dealers though. The same guy who thinks nothing of buying an off the rack apparel item at 3x markup goes from dealer to dealer squeezing a car deal down to a few hundred over invoice. The American metaphor: RL vs. GM.....