How is it possible that in the country of free exchanges, state interventionism is the only solution left to rescue what was once the USA source of pride ? In the US, Ford, General Motors and Chrysler, all car manufacturers, are called the Big Three. The thing is that General Motors and Chrysler have gone bankrupt.
This predicament is the result of different phenomena : First, the Big Three were weakened by the 2003-2008 oil crisis which led customers to turn away from pick-up trucks and SUVs. Secondly, it is obvious that this crisis occured because of bad managment, bad business practices. Why is that ?
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