They only lost money the short run while they fought to gain market share. Once they acheived dominance of the oligopolistic consumer electronics industry, they raised prices and profited hansomly, as they continue to do until this day. MITI is always ready to step in when someone threatens their entrenched position, so no one attempts to dislodge them the way they did to RCA and their other American competitors.
You're obviously not familiar with such concepts as economies of scale and oligopoly. You need to take a class in industrial organization.
You are soooo right. The article, and this discussion, need to realize that the meaning of words has been twisted.Free-Trade is not the same as Globalism, WTO, NAFTA, etc. Free-Trade is the absence of government involvement in the trade activity. Globalism, WTO, NAFTA is the micro-management of trade by elite groups to which nations cede their sovereignty. In the name of Free Trade they impose complicated regulations of environmental law, labor law, humanitarian concern and political correctness.
BTW gay is no longer gay. cool is no longer cool. Orwellian speak is not longer Orwellian. The truth is now Orwellian.
That's an interesting theory. I've never actually seen a case where it worked in the real world. If you're right, you'll be famous. Now all you have to do is prove it.
It should be simple. All you have to do is show me the point in time where electronics prices stopped falling and actually started rising.
You're obviously not familiar with such concepts as economies of scale and oligopoly. You need to take a class in industrial organization.
You first.