For the displaced workers I feel to but see it as a segway into high indexed GAI, building out the green economy, greater or complete transparency, more “Teal” type organizations and see it decellerating petrol’s hollowing us out and helping to boot its political influence. I find these BS ads that keep referencing one likely bogus sponsored report by Navigant big 3 sponsored think tank annoying- people are supposed to believe that over the only company with consumer experience. Sounds like Navient the student loan servicer that thinks its a collection agency or Roves “Pathfinder.”
Really self drivers are expected to shrink the car market by 18x. Now Tesla can grow and still take share and engage that but the big 3 can’t. Part of the reason 2 of the big three went bankrupt and got acquired was they couldn’t manage their profit fixation vs product let alone a market size reducer.
I know, Musk gives them the patents and they still can’t do it. There has been such a perversion of money as an exchange mechanism. There is no money to build SAFE or an air bag or an electric car but a ton in the US to elect a corrupt politician and a ton to corrupt a politician. There is also a ton of money to burn some petrol and put us at risk.
I remember where I started to have utter disgust for the US auto industry aside from Tesla. It was an article where the author quoted a big 3 US auto exec as saying an automobile is an inefficient use of capital (its was just a means to burn oil) and in the same article I think it was a US auto exec (Bill Press) who had years before left to work for Toyota going 3 days at a Toyota annual conference and never once hearing the word profit come up where it was all the US auto exec fools talked about (no focus on what the were actually doing just driving by the rear view mirror,) also mentioned that at the conference he congratulated the Toyota founder on his now highest market cap among auto makers and the Toytota founder retorted “if I cared about stock price my name wouldn’t be on the name plate” And it shows in the exec compensation at Toyota where its 8x or 12x or some low capped multiple of the average Toyota worker or tied to contribution and not the sell out amount of thousands or tens of thousands an average worker compensation that US execs get.
There is no consideration of profit efficiency. The financial press in the US whines that Amazon is a consumer benefit agency. Our idiot American system needs to be thrown out like the parasitic trash that it is. It worked to some degree from 1940- 1970 but after Nixon and his ecconomic royalists its been gliding on slowing momentum that is about to run out. I don’t smoke myself but can’t wait for the weed revolution because out of that will come a big dropping of the Washington Nixon consensus.