Global warming and automobile industry stupidity

One of the major contributors to global warming is the high inefficiency of automobiles. Why are they so inefficient, why is mileage so low, far less than possible? Because the US automobile industry is determined to drive itself out of business. It has been losing market share to foreigners who have more efficient cars for a long time. If the US companies tried to build cars that are far more efficient, which can easily be done, they would not only help fight climate change, but would be far more profitable and would end the possibility of going bankrupt. However that would be socially useful and they certainly wouldn’t want to do that.  It is far better to go bankrupt.

Did the leaders of the automobile industry go to business school? Perhaps in order to get a job in the industry they had to flunk out.

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