Build better cars

Tuesday, January 17, 2017 Francisco Carneiro 0 Comments

From Quartz:

Germany’s auto industry hit back at Trump. German economic minister Sigmar Gabriel and BMW pushed back against the US president-elect’s threat to tax Mexican-made imports to the US by German automakers, and his complaint that few American cars can be found on German roads. “Build better cars,” Gabriel said.

South Korea and Ghana had the same income per capita in the 1950's. One received far more aid, advice and political intervention than the other. It is now by far the poorer of the two. In General, Asian economies grew their way out of poverty in the late twentieth century, while African economies failed to be aided out of poverty. Trade, not aid, proved the best way to achieve an increase in prosperity.

Matt Ridley


I think Trump is going to do some little show off to start and after that he will figure out a way to trade business as usual. Trade is the only way to increase prosperity and yes US will not do a lot of cars by the simple reason that they suck (except TESLA )

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