Jun

3

The Auto Industry Failure is History Redux

Category: C. William Chattin, Economy | 2 Comments

by C. William Chattin
The faiures of GM and Chrysler, and looming failure of Ford, are hardly novel for the transportation industry.  As detailed in this informative piece in the Wall Street Journal, the auto industry meltdown closely resembles the pattern leading to the failure of the rail industry — which died in the late ’70s:
First, the [...]