“A lot of people don’t mind their Chinese consumer electronics lasting for only a year or two before they fall apart; that’s about the time they’d decide to upgrade anyway.”
Pretty much what people said about Japanese made goods not too long ago ...
True, and the quality is superior now but is Japan at the top of the heap today? South Korea is a similar story.
What Stymied Japans Industrial growth is Innovation, or the lack of it to be precise. They do a great job of copying widgets and making them cheaply in a wide array of colors, but only a few companies really succeed at innovation. The US still kicks the worlds ass in the area of vision