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There are no barriers to entry in the auto industry so profits have been diminishing for decades.
the incredible startup cost is not a barrier to entry?
gregMF 2 years ago
No.
Look at Kia, Hyundai, Tata. Governments can support an entry into the industry.
This guy is just a journalist. He knows nothing about business.
MrFrankBullitt 2 years ago
Bruce Greenwald addresses this in "Competition Demystified."
There are no barriers to entry in the auto industry so profits have been diminishing for decades.
The first speakers knows nothing about business. We'll be bailing out GM forever if we don't dramatically restructure.
MrFrankBullitt 2 years ago