Self-described “public citizen” Ralph Nader is taking aim at the auto industry again. Nader, who made headlines back in the Sixties with his book, Unsafe at Any Speed, writes how the current auto industry is in a “dark age” deliberately brought about by the Big Three, their dealers, and even the unions. The result has stymied technological, safety, and fuel-efficiency for domestic products, with Nader pointing to the SUV as the ultimate in “profitable junk”.
Worse, argues Nader, loss of market share and Wall Street’s nearly continuous downgrading of Ford and General Motors' bonds to junk status has done little (if any) to remove the executives who keep the companies in their “witless masochism”. Nader writes that automotive supplies, inventors, and researchers, who, working with the government, can bring light to this dark age.
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[Source: Counterpunch]
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