I wonder what the OTF view of this is. One man's investment is another man's corporate welfare. Of course, the argument's been changed somewhat by all the money spent on banks, but one might equally say that good money shouldn't follow bad.
I'm very much in the sceptical camp. While I'm not Milton Friedman re manufacturing, is it that important that cars are manufactured in Britain/Germany rather than, say, Spain? Could the 6bn Euros loaned by Germany to these car companies not be better spent on something else- something perhaps that doesn't cause so much damage? GM are not a highly regarded company but is there any reason to expect British and German produced cars to turn in a profit in the future?
I'm very much in the sceptical camp. While I'm not Milton Friedman re manufacturing, is it that important that cars are manufactured in Britain/Germany rather than, say, Spain? Could the 6bn Euros loaned by Germany to these car companies not be better spent on something else- something perhaps that doesn't cause so much damage? GM are not a highly regarded company but is there any reason to expect British and German produced cars to turn in a profit in the future?
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