Should We Nationalize GM ?

[karsen]

JoeH wrote:
Problem is karsen, your entire argument falls flat on its face because there is no "upstart American automobile company" anywhere in the wings looking to take over a piece of the market.

There are some small American automakers, Tesla for instance. I'm sure they'd like a bigger piece of the market. That's not my point though, my scenario was obviously fictional, the point being it stifles competition and innovation.

JoeH wrote: Given the startup costs to enter in this day and age where you have certain technologies required to even have a sellable vehicle, it is unlikely there will be a "new" company able to enter the market.

If you think it's unlikely now, wait until a potential startup has to compete against a nationalized mega corporation.