njcommuter
2009-01-13 13:00:00
Hell, Linens n Things had ad much bigger market share than GM, but we let them fail. Why?
Anyone can go into business selling soft goods and housewares. The technology base needed to build engines, transmissions, and suspensions takes years to develop. (When a truly new engine design goes into service, it gets headlines in the trade press; transmission designs get refined over years or even decades.) We are already depending on foreign shipyards for our Navy, and we will soon be using foreign-made aircraft for critical military roles. We already buy munitions from countries around the world, although we could probably reverse-engineer them in a year or so. Building factories to make them would take longer.
Is that a good enough reason?
