Re: Alternative energy and the Automobile Industry
[ QUOTE ]
Did your liberal history teacher ever tell you about Pets.com? They had a better way to sell pet supplies than Petsmart, who ended up buying their business for fractions of a penny on the dollar.
[/ QUOTE ]
I don't see how this is relevant at all. I find the assumption that my teacher is a liberal based on a single anecdote that could give you zero insight into his political agenda rather comical.
[ QUOTE ]
Businesses must make decsions under uncertainty and they exist to increase value for shareholders. They should not be mandated to save the world. Was the automobile mandated to rid the cities of horse dung? The profit motive works, if the electric car has a viable market someone will direct capital towards that cause. The fact that GM does not should only be of concern to shareholders.
[/ QUOTE ]
Again, you don't seem to understand what I am saying. I'll try numerating my points.
1. The market works
2. GM Had an opportunity to take part in a burgeoning market
3. GM decided that it would not be profitable to enter the electric car market in spite of what appeared to be a market they could make profit off of.
4. Other companies picked up where GM left off...good for them.
This is not about how GM should have been happy little hippies and sacrificed profit to save the world. This is about how GM made a mistake. It is no matter though, their loss is another company's gain. So goes the market.
|