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Upsetment
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Anti-Tesla laws In AZ, MI, NJ, and TX nominated for 'Luddite Award'

Anti-Tesla laws In AZ, MI, NJ, and TX nominated for 'Luddite Award' | Upsetment | Scoop.it
A technology think tank has nominated four anti-Tesla states for its annual Luddite Award – so named after the 19th-century British artisans who protested against industrial progress. Arizona, Texas, Minnesota, and New Jersey all passed laws restricting Tesla sales last year.
Kenneth Weene's insight:

Where were these states when Amazon was putting bookstores out of business and when McDonalds and the like were destroying the local diners? Now those were businesses worth saving, but of course they didn't have all that money and organization ready to fight of innovation. I wonder how much money has been slipped under the tables in these states.

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Where the World's Unsold Cars Go To Die | Zero Hedge

Where the World's Unsold Cars Go To Die | Zero Hedge | Upsetment | Scoop.it
In the past several years, one of the topics covered in detail on these pages has been the surge in such gimmicks designed to disguise lack of demand and end customer sales, used extensively by US automotive manufacturers, better known as "channel stuffing", of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high. But did you know that when it comes to flat or declining sales and stagnant end demand, channel stuffing is merely the beginning? Presenting... Where the World's Unsold Cars Go To Die
Kenneth Weene's insight:

This is strong evidence that the "capitalist" system of Adam Smith is not the way our actual economic system is working. Excess supply should drive down prices or supply, but that isn't happening. Instead we have collusion among the manufacturers, which is why we need government supervision of markets.

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