"Tata Company Chairman Ratan Tata announces the newly launched Tata Nano at the 9th Auto Expo in New Delhi, India, Thursday, Jan. 10, 2008. India's Tata Motors unveiled its much anticipated US$2,500 car, an ultracheap price tag that suddenly brings car ownership into the reach of tens of millions of people across the world"
Well Americans, our thirst for cheaper products and higher corporate profits led to out-sourcing and almost complete exodus of the manufacturing sector.
The jobs this has brought India and China has of course increased the oil consumption of their factories and the prosperity while increasing the quality of life has also created more competition for limited oil reserves.
Were cheaper prices at Wal-Mart worth the soaring gas prices additional millions of drivers will bring? Fuck no. $3.00 per gallon gas prices will soon be considered cheap.
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