IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-59518-7_20.html
   My bibliography  Save this book chapter

The Bigger You Are, the Softer You Fall

In: Global Financial Meltdown

Author

Listed:
  • Colin Read

    (SUNY College at Plattsburgh)

Abstract

There is a long tradition of indemnifying the corporate mistakes of the free market system, so long as the mistakes and the corporations are equally massive. The notorious bailout of Chrysler in the early 1980s was, until very recently, the best example in our lifetime. Like all US car companies at the time, it was reeling from years of failure to innovate. The oil price run-up of the late 1970s left the US automobile industry vulnerable to the onslaught of small, fuel-efficient cars from Japan and Germany. These countries never had the luxury of cheap domestic oil and so had always kept fuel efficiency in mind. The oil crisis played into their strengths and held the US automobile industry hostage.

Suggested Citation

  • Colin Read, 2009. "The Bigger You Are, the Softer You Fall," Palgrave Macmillan Books, in: Global Financial Meltdown, chapter 20, pages 158-165, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59518-7_20
    DOI: 10.1057/9780230595187_20
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-59518-7_20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.