> It is important that the US have strong auto companies. Same is true for Germany, France, Japan, S. Korea, etc.

I agree in principle but I can’t fail to notice what is to me the obvious parallel with the subprime crisis.

We, as the general public via the state, are once again saving companies which badly failed according to the market due to their shortsightedness and inability to properly invest. It shows that the current system, which its proponents - generally profiting tremendously from it - like to frame as meritocratic, is a charade. It exists as long as the same wins and suddenly stops to apply when they don’t.

It’s hard for me to support intervention to save some companies while not doing anything to curb the rising inequalities and the overall lack of contribution of the richest. I think people are not blind to that and it partially explains while extreme political parties are on the rise.