I write as someone who is far from convinced of the universal wonders of the Free Market, yet I tend to the conviction that state-owned car makers are a bad idea.
I think that’s because I can’t help but regard most cars as rather frivolous things, so I base my prejudice on the feeling that I wouldn’t want to be governed by an organisation that wastes even part of their energies thinking about cars, except in legislating their use.
This prejudice soon falls apart. True, most of the cars built for a captive market in the old Communist states of Eastern Europe were disappointing at best, but Tatras were glorious things. The nationalised British Leyland was a reasonably cack-handed enterprise, with sparks of cleverness, but it only got nationalised due to the uselessness of its private management. Continue reading “Theme : Sudamerica – Parallel States of Evolution”