Technology

59555 readers

4979 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

554

Car dealers say they can’t sell EVs, tell Biden to slow their rollout (arstechnica.com)

submitted 11 months ago by boem@lemmy.world to c/technology@lemmy.world

613 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] cantstopthesignal@sh.itjust.works 82 points 11 months ago (3 children)

There's a 2008 style crash coming in the credit market for cars. There's a lot of subprime loans and a lot of car companies that got into financing that shouldn't have. Wait til they really get squeezed. Who am I kidding tho, they will just ask for a bail out.

[–] uriel238@lemmy.blahaj.zone 46 points 11 months ago (1 children)

Some of us are still miffed about the 2008 bailouts, which ran entirely counter to the market forces rhetoric. Then the police turned off all the cameras and ran OWS off with riot squads.

No resolution was offered. even Dodd-Frank was reversed by Trump.

So you can expect a lot of civil unrest. It's been due since the great depression, about a century ago.

[–] SuckMyWang@lemmy.world 1 points 11 months ago* (last edited 11 months ago)

Wrong! They will let it crash a bit and everyone will panic and see that shit is about to get real. The government will offer to defer the pain by bailing out the very rich and get things moving again, it’s the only way the government at the time will be able to hold onto power. People are fucking idiots so they’ll do nothing because they don’t like being uncomfortable for a short time even if it means they are getting slowly buttraped over the medium to long term

[–] Wrench@lemmy.world 40 points 11 months ago

When beater 20 year old trucks can't even be found for <$10k, you know somethings gotta give

[–] SuckMyWang@lemmy.world 3 points 11 months ago

And the best part is you who foresaw it and tried to warn everyone, will have to pay personally towards the bailout