consider this
Right now we can't build a computer, a car, or a fighter jet just for starters. We thought it was very funny when we got in a fight with Iran and just didn't give them the spare parts for the jets we had sold them. We are in the same boat right now.
One thing most of the "world market" folks tend to ignore is that we didn't get where we are at because of fair competition. We got here by foreign governments targeting one niche after the other and subsidizing the imports to the USA until the US competition was destroyed. Another deal is the cars. Very lopsided tariffs for many years. Some countries have automatic reciprocal tariffs. If we did that the consumer would pay more but we would have a far stronger economy and would be far more competitive in the world market. Of course the time to do this was fifty years ago.
Hu
Right now we can't build a computer, a car, or a fighter jet just for starters. We thought it was very funny when we got in a fight with Iran and just didn't give them the spare parts for the jets we had sold them. We are in the same boat right now.
One thing most of the "world market" folks tend to ignore is that we didn't get where we are at because of fair competition. We got here by foreign governments targeting one niche after the other and subsidizing the imports to the USA until the US competition was destroyed. Another deal is the cars. Very lopsided tariffs for many years. Some countries have automatic reciprocal tariffs. If we did that the consumer would pay more but we would have a far stronger economy and would be far more competitive in the world market. Of course the time to do this was fifty years ago.
Hu
Snapshot9 said:There was only one 'original' idea, and noone on earth had it.
Think Whitten is mad about all the 'other' cases now that are spring loaded.
Was a 'Toyota' originally a 'knock-off'? Was 'Seiko' a knock-off of some Swiss watch? (Seikos sold for $20 American on most street corners in Japan during the Vietnam war)
What happens is that yes, people take ideas from other people, they make a similair product only cheaper to get their foot in the door. They improve their quality over time and technical knowledge, and the quality becomes better, and finally it rivals the original and becomes a direct competitor with the original. All you have to do is look at the Auto Industry and Imports to recognize that.
My mom drives a 2004 Hyundai Sonata, my brother a Lexus,and my brother says Mom's car rivals his in quality. The Sonata sold for $18,000, the Lexus for $46,000. Now, the ones going thru the motions is Kia and Suzuki to get up to snuff on market share.
This process has held true for decades, and will continue in all industries, especially with all the 'outsourcing' being done by our country. These so-called foreign country plants will someday go independent, make and assemble the whole product, and be a direct competitor with the original American product. Since we are outsourcing the 'engine' of the product (which has the most technical knowledge) and just do 'final assembly', what will happen to us after these plants go 'Independent', and we no longer are equipped to produce the 'engine' of the product any longer.