Signs of the Times
Two headlines stood out in today’s mainstream news, taken together they seem almost obvious. The first was of course the price of oil, which is hardly news since it represents the capitalist system in all its glory hard at work. The other interesting story gracing the front pages was the tumbling stock price of the US automotive giants GM and Ford.
Even my nine year old would be able to understand the connection so it is no surprise that the smart money is getting out of traditional car makers whose product is totally dependent on cheap oil for fuel. What isn’t so obvious is where is the smart money going to. Imagine the prospects for this little gem! Instead of wasting our money with Toyota and GM the government should be talking to the Indians about the future of motorised transport.