Your are consumer oriented. You can see the endgame for that right here and now. A wrecked US economy
I am producer oriented. They should be king not the consumer. American producers should be king on US soil. Not Japanese or Korean producers
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Customer Review
By William A. Levinson
Anyone who has read “My Life and Work” will understand exactly what is wrong with our country today. There are three ways to create wealth—grow it, mine it, or make it—and activities like flipping houses or trading carbon credits do not qualify.
Ford developed what is now known as the Toyota production system, and readers will see a very explicit description of just in time manufacturing (and its benefits) in “My Life and Work.”
Ford also summarized effective labor relations in one sentence: “It ought to be the employer’s ambition, as leader, to pay better wages than any similar line of business, and it ought to be the workman’s ambition to make this possible.”
~~PING!
“The U.S. deficit — just the gap between spending and income in one year — is projected to hit $1.6 trillion in 2010. Total debt is project to exceed 100 percent of GDP starting in 2011.
In the parable, Munger strongly suggests that the United States take seriously the campaign of Reagan-era Fed Chairman Paul Volcker, who wants the big banks to cease pretending to be banks if they expect the freedom to trade securities on the side.
“He suggested that Basicland should strongly discourage casino gambling, partly through a complete ban on the trading in financial derivatives, and it should encourage former casino employees — and former casino patrons — to produce and sell items that foreigners were willing to buy,” Munger writes.
As the parable ends, none of the politicians listen, and Basicland turned into “Sorrowland,” Munger concludes.”
I am market oriented.
Why set up false barriers to protect inferior products.
If we want our products to compete...let them compete. Why deprive the consumer by offering them subprime crap...
Let them chose.
If we are good (our products), we will win...if we are crap, we deserve to die.
"Let them be King"...that's like creating a false universe in which our widdle baby products can PRETEND they are king while the world goes on without them.