Does the Industry learn from the history?

Learning from history doesn't seem to come to the Industry & humans in the industry as a natural process of being in the business of business. It is so visible in endless repetition of the identically configured boom & bust cycles. The response to the situation also doesn't change is such a dark situation which the automobile industry is passing through...


http://www.moneycontrol.com/news/business/auto-companies-stop-production-as-demand-slump-continues_719729.html#toptag

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