Detroit’s bankruptcy might best be explained by planned obsolescence policies.
As previously reported by The Inquisitr, the Detroit bankruptcy was announced to the tune of $18 billion dollars. But a judge did not allow Detroit’s bankrupt status to be upheld, declaring it unconstitutional.
Forbes claims unions didn’t bankrupt Detroit. While Ted Nugent says the Detroit bankruptcy was caused by “blood sucking liberals,” I have another theory. The economy and gas prices didn’t do it; planned obsolescence bankrupted Detroit.
Friends who remember the 1970’s and the 1980’s remember how there was a carburetor manufactured with a bag of sand attached to a screw. If you removed the screw the bag of sand would break open inside the carburetor. If you didn’t take the carburetor completely apart to clean it the part would be ruined. This is something poor people were forced to do when they couldn’t afford to replace the gaskets that seal the carburetor pieces together.
I don’t know who invented planned obsolescence, but my mechanic friends claim Dodge perfected it. One told me a story about how a GE operator claimed it was the company’s policy to now not allow repairs for products over five years old. Some people will never buy products from either of those manufacturers again despite liking their products. People from the 1970’s remember how some would buy Japanese cars and have the body undercoated to protect the rust prone sheet-metal body of their cars. Japanese engines lasted at least 150,000 miles. American engineers were perfectly capable of matching the same high quality standards, but instead the corporations preferred to perfect planned obsolescence to their doom.
Even when gas prices went up to the unheard of price of 70 cents a gallon few people bought cars for their gas mileage alone. Around 1980, conservationists began wanting gas to be artificially driven to $5 a gallon. Speaking on gas prices, President Obama said he “would have preferred a gradual adjustment,” but he appointed Steven Chu as his energy secretary, who infamously once said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” Equivalent dollar valuation between 1980 and 2013 means these people want today’s gas to be about $15 a gallon.
Some people claim the real reason behind the refusal of the EPA to quickly approve any projects connected with oil production is because they want gas mileage to be the primary reason people buy cars. Unfortunately, they want gas prices so high that Dagny Taggart would get rich.