To: sixmil
we did not "give" the auto industry to Japan, they developed better products and took market share. they make cars in Japan without the use of $1 per day labor, and they make alot of cars employing americans. the situation with Japan is totally different then we face today with India and China.
To: oceanview
we did not "give" the auto industry to Japan, they developed better products and took market share. they make cars in Japan without the use of $1 per day labor, and they make alot of cars employing americans. the situation with Japan is totally different then we face today with India and China. Japan dumped cheap cars on the market to gain market share and then reinvested the money into their auto industry while closing their market to US autos. We, along with their gov't, supplied the cash for them to modernize the production of autos. There was no incentive for us to do the same until our gov't actually did something about this predation of our economy. Japan now produces cars in America because of action our government took to protect the auto industry. Harley Davidson was saved by tariffs. We have gone down the same path with Korea, and China and India are following suit. Of course they will not make it as far as Japan because they aren't half as smart, and it has already been done.
19 posted on
12/05/2003 2:09:03 PM PST by
sixmil
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