Id like to see a transition or replacement from how it stands to newer technologies, driverless cars, electric cars, accessories for these IF they could be viable and profitable ventures.
There have been multiple hand outs to the Australian car industry over the last few decades to no avail...I see the main reason being they didnt correct their business model and the cycle of poor business practices/ cry for handout continued.
A great case study for what happens with government intervention, the removal of said intervention and the adaptation thereafter is the East India Trading Company.
For 200 years they had carte blanche on all trade between India/China and England, thanks to British Govt charters allowing a monopoly.
The Charter Act of 1813 removed that monopoly in India and declared sovereignty over it .
The East India Trading Co adapted by becoming administrators of India whilst maintaining monopoly of China's trade.
The 1833 Charter Act Ended the East India Company as a commercial body yet it continued in its administrative form.
It died out eventually due to multiple poor decisions as administrators of the colonies, not due to removal of government protection.
On the other side of the equation.
Merchants were the driving force of the 1813 Charter.
With said charter it opened up a lot of opportunities.
More ships were needed, sailers, merchants, etc etc
A wider variety of goods became available and prices were no longer controlled by a monopoly.
There have been multiple hand outs to the Australian car industry over the last few decades to no avail...I see the main reason being they didnt correct their business model and the cycle of poor business practices/ cry for handout continued.
A great case study for what happens with government intervention, the removal of said intervention and the adaptation thereafter is the East India Trading Company.
For 200 years they had carte blanche on all trade between India/China and England, thanks to British Govt charters allowing a monopoly.
The Charter Act of 1813 removed that monopoly in India and declared sovereignty over it .
The East India Trading Co adapted by becoming administrators of India whilst maintaining monopoly of China's trade.
The 1833 Charter Act Ended the East India Company as a commercial body yet it continued in its administrative form.
It died out eventually due to multiple poor decisions as administrators of the colonies, not due to removal of government protection.
On the other side of the equation.
Merchants were the driving force of the 1813 Charter.
With said charter it opened up a lot of opportunities.
More ships were needed, sailers, merchants, etc etc
A wider variety of goods became available and prices were no longer controlled by a monopoly.