If only this were some stealth plan to wreck the Chinese economy once oil prices break $100/bbl again. But it’s not.
In what is surely a symbolic sign of the self-enslavement of the U.S. economy (and the U.S. consumer) GM is selling its Hummer brand to a Chinese company. Instead, China will probably use its cheaper, more pollution-creating steel to drive down Hummer prices here, addicting more Americans.
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