🚀 go-pugleaf

f88hv@efd.lth.se (Henrik Vallgren) writes:

>A few years back, I read a book review in BYTE. The story
>of the book was how Sony got into the television set market 
>in the US. It's not about unfair trade, it's about short-
>sighted american businesses trying to make a quick buck.

>Sony offered a US manufacturer to sell tv sets cheaper than 
>the US manufacturer could make them. In stead of trying to
>cut costs in production, the US manufacturer gladly accepted 
>Sony's offer, i e invited Sony into the US market.
>A few years passed and Sony learned how the US market worked.
>It was time for Sony's next move. They offered the same tv 
>sets directly to the stores, just a bit cheaper, and put a 
>new label onto their sets. The US "maker" was now almost out
>of business.

>THIS DISCUSSION HAS NOTHING TO DO WITH UNFAIR COMPETITION.
>What it's about is how much profit an investor demands out
>of his investment. If the japanese always are willing to
>accept lower returns than american "businessmen", free trade 
>will, justly, result in japanese taking over market after 
>market.

Right!  Good for them (the Japanese).  That *is* how the free market is
supposed to work.

>In fact, in the same review (I think), it was made clear that
>american "businessmen" where only too happy to let go of the
>memory market, since profits where too low for them. What has
>now occured to them is that memory has become a good way for
>asian industries to learn how to produce hightech silicon.
>The idiots who gave up the memory market and concentrated on
>the highprofit areas will soon fidnd them selves some real
>hard competition. To the benefit of us endusers of course.

To our benefit until the U.S. Government steps in, wielding force so that
some parasite politicians can claim to be looking out for American businesses
and American jobs in order to get votes.  They'll impose tariffs and other
fees that represent money taken by force for which no product or service of
value is provided, i.e. extortion, and we'll all have to pay the higher
prices that will result.
Of course, if I mailed a bucket of puke to Congress, I'd probably get
arrested for something...

>This discussion is about longterm vs. shortterm investment.
>Those not willing to make longterm investments don't belong
>in the industry.

They don't belong in business, period.

-JTT