You can’t build a successful business by ignoring reality.
Look at what's happening to GM, called Government Motors when they were bailed out, they seem to be headed down the same path US Steel is. Their thinking is broken
but look at the recent decisions that led to
- recent statements about EVs
- the Cruise debacle
- deciding not to allow Apple/Google car infotainment systems and opting for a homegrown solution, despite consumers repeatedly stating they want the system that aligns with their phone
They aren't listening and management seems to think they know better
True, at least in the long term.
However some of those government interventions are an attempt to balance out other government interventions.
Sometimes tariffs are a response to a foreign government subsidizing a company in order to undercut a market and destroy dominant players.