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While past monetary and fiscal policies may have played a role in their demise, the fact remains that for years the automakers have failed to pay attention to the influences of the market. Consumers want vehicles that are environmentally safe, fuel efficient, and reasonably priced. Detroit must pick up the pieces and rebuild their industry from the ground up, or suffer extinction in an industry where only the strong survive.
Survival of the Fittest: An American Auto Industry Tale
The term “survival of the fittest” was a 19th century reference to natural selection that believed the weak would be eliminated in the struggle for existence...
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