Initially the automobile wasn't much competition for the horse. Then, around the turn of the century, a series of innovations involving the internal combustion engine and manufacturing (mass production, assembly lines and interchangeable parts) improved performance, reliability and costs. As car prices fell, the horse, the manure and the "typhus fly" were done for.
The same thing may be happening today.Desperate times always inspire innovation. Tolerance for high gasoline prices is reaching a breaking point and alternatives are beginning to appear from the marketplace.
No comments:
Post a Comment