Following the lead of the Americans, the British government is planning to prop up the car industry in this country*. This is a bad idea and one you would have imagined Britain would avoid given the ignominious history of British Leyland. There is no particular reason to favour car making over any other industry which is struggling in the recession but for some reason the automobile industry seems to have a totemic symbolic value that far exceeds its actual importance. Supporting the car industry makes about as much sense as supporting the retail industry in the wake of the closure of Woolworths.
* Yes we still have a car industry albeit foreign owned.
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It's a messy situation. Either we bail them out with taxpayers cash or we pay for their unemployment benefits with taxpayers money instead.
Care to choose?
That applies to any industry though.
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