You mean the industry that famously went bankrupt in 2008 and had to be bailed out? Looking at the list of sectors[1], there are plenty of sectors that I think are more stable: Consumer staples, utilities, and healthcare.
You mean the industry that famously went bankrupt in 2008 and had to be bailed out? Looking at the list of sectors[1], there are plenty of sectors that I think are more stable: Consumer staples, utilities, and healthcare.
Yes. It's extremely well connected to the levers of power.
Other examples would include the protectionist legislation offered when they were getting their shit rocked by Asia the last time around, in the 70's, every time we've gone to war overseas for oil, and the CAFE standards which have generous exemptions for all the vehicles they actually make money on because no other manufacturers bother to make 3 ton trucks for suburbanites.
> it’s so stable because it’s a cultural first class
Looks biased from an outsider view but I guess most cultural habits gets biased at some point.