If cars were built solely for utility and efficiency, and sold at cost, you could get a good one for $5000, or less.
More proof that the far left should not be in charge of anything!
His point is correct, capitalism builds what people will pay for, not what they need necessarily.
Wow.
No, fail. If cars were only sold at cost, you couldn't get one for $5,000 or less, because you couldn't get one AT ALL.
They would not build the car period.
You people on the left live in this mythic fantasy world, where manufacturing plants, and supply chains, all pop into existence from magic fairy dust or something.
It takes MILLIONS ON MILLIONS of dollars to setup. Where does that money come from? Investors. Who invests to earn a 0% return on investment? Because in order to pay those investors an ROI, you have to have profit.
No profit, no investors. No investors, no money to build auto plant. No auto plant, no car.
Hello... you sell anything "at cost", and generally you don't have much to sell. Very few counter examples.
So, no you wouldn't be able to get one for $5,000 or less, or even more. You wouldn't be able to get it at all.
Second, it doesn't really matter how cheap the car is, or how efficient the car is, how much the utility the car has, if no one wants it.
This is a Kandi Coco.
It's a street legal, $6,000 car. 60 MPG. Utility value only. How many have you seen?
$7,000 car. 3 wheels. 600 cc engine. 70 MPG. Power nothing. No AC. Extremely cramped.
How many have you seen on the roads lately? Bet you didn't even know such a thing existed in the US.
Point being making up these mythical examples where "if cars were only built for efficiency and utility........" is pointless. People don't want stuff that only has efficiency and utility.
They want cars with 'bling bling". They want cars with un-necessary amnesties.
I like the fact I can hit a button on my key chain, and the truck pops up. I like the fact I can hit a button and the window rolls all the way down. I like the fact I can hit another button and all the windows defrost, without me having to scrape them.
That's why I bought a Mercury Grand Marquis, and not a crappy 3-wheel Snider Motor car.
ooo but it's efficient! 70 mpg! Don't care. I like my nice car.