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Old 03-05-2004   #1
sarettah
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If you can get the same quality product at a lower price then you should go for it. Doesn't matter if it is a TV, Car, Stereo, House or programmer. The maerket will decide the value.

In the long run, global competition is good for the product and good for the market.

Case in point, the automobile sector:

After WWII, we rebuilt Japan's industrial sector pretty much from scratch, so, coming out of the 40's Japan was working out of brand new factories while we were working out of old factories. During the 50's and 60's Japanese products were considered crap, laughable to see the "made in Japan" on a product. In the early 70's during the various oil crisises that we experienced, the push for more fuel economy opened the US market to smaller more fuel efficient Japanese cars. At first, these cars were considered crap, but by the late 70's, US manufacturers were scrambling to catch up. Meanwhile, Japanese auto production improved and their cars started to get a good reputation in the U.S.. The american auto manufacturers took a beating at the hands of the Japanese manufacturers for a few years there.

But, as the quality of Japanese autos improved and the skill of their workforce grew, so did the wages they were earning, and the lifestyle they demanded got higher. By the mid 80's, it was cheaper to build Japanese cars in the U.S. and several of the manufacturers moved their production to the states for cheaper labor and more market availability. With the upshot being that the US automobile manufacturing segment ended up doing ok. Difference is that instead of building GM's, Fords and Chryslers, many are building Toyotas, Hondas and Datsuns, but they are building them in the US.

What goes around, comes around.


edited in: after I wrote that mess, I went and googled and came up with this:

http://www.time.com/time/globalbusiness/ar...-451002,00.html

looks like a fairly accurate accessment of the current situation in re Cars.




Last edited by sarettah at Mar 5 2004, 11:38 AM
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