"The public be damned. What does the public care for the railroads except to get as much out of them for as small a consideration as possible. I don't take any stock in this silly nonsense about working for anybody's good but our own, because we are not. When we make a move we do it because it is our interest to do so, not because we expect to do somebody else some good. Of course we like to do everything possible for the benefit of humanity in general, but when we do we first see that we are benefiting ourselves."
Ford's projected loss on EV spending for 2023 was $4 billion.
General Motors and Tesla are also struggling amid what was "Supposed to be the dawn of EVs in America," per Joe Biden's decree.
The antimarket government is "Moving ahead with its plan to install half a million electric vehicle charging stations across the country." EVs are just the latest instance of government profligacy.
While there are some who've argued the Apollo moon program was faked, there is no faking its cost to Americans who work for a living: "The United States spent $25.8 billion on Project Apollo between 1960 and 1973, or approximately $257 billion when adjusted for inflation to 2020 dollars. Adding Project Gemini and the robotic lunar program, both of which enabled Apollo, the U.S. spent a total of $28 billion." Wherever the government sages came from they've been at it since the dawn of legalized counterfeiting.
Government can always sell its debt because of its power to shake down taxpayers.
Unlike government utopians who fund their dreams with fake money and coercive monopolies, businesses are tied to something called consumer demand.
They actually have to please the public-while making a real profit.
The antimarket government is "Moving ahead with its plan to install half a million electric vehicle charging stations across the country."
EVs are just the latest instance of government profligacy.
While there are some who've argued the Apollo moon program was faked, there is no faking its cost to Americans who work for a living: "The United States spent $25.8 billion on Project Apollo between 1960 and 1973, or approximately $257 billion when adjusted for inflation to 2020 dollars. Adding Project Gemini and the robotic lunar program, both of which enabled Apollo, the U.S. spent a total of $28 billion."
I submit "The public be damned!" is a four-word summation of government policy.
https://mises.org/mises-wire/who-really-works-against-public
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