By Catherine Austin Fitts
The Globe and Mail’s story yesterday A.M. that Tesla’s new Model S is now the # 1 selling car in Norway is a reminder that we are in a period of accelerating shifts of technology and economic models. Norway consumers are no doubt reacting to generous government support to encourage the use of electric cars that has translated into a supportive infrastructure. They are also blessed by a government with a large sovereign wealth fund that has not pumped and dumped the general population – hence they can afford luxury cars.
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But it is a reminder that the consumer is shifting. Here in North America, the millennial generation is clearly signaling to the auto industry that they are happy to ride bicycles until and unless the auto industry starts respecting their desire for transportation without debt bondage and environmental damage.
Frankly, the day is approaching when it is easier to build your own car than do business with predators.
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