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Politics : Clinton's Scandals: Is this corruption the worst ever?
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To: Lizzie Tudor who wrote (1869)8/19/1998 10:38:00 AM
From: j_b   of 13994
 
<<the complete obliteration of the consumer electronics industry in the US by Japan Inc (during the 80s) was an example of a real lack of understanding >>

An example of whose lack of understanding? Definitely the American companies. What would you have the government do? If they impose tariffs, the free market people complain. If they don't, the America first people complain. It is not governments place to protect businesses from their own stupidity or lack of foresight.

I agree that America lost much of its manufacturing base, and will continue to lose more. I disagree that the government carries any of the responsibility for that loss. Remember - it's a global economy. If labor is significantly cheaper, or other countries don't enforce the environmental protections we do, manufacturing (a labor intensive operation in many cases) will move. Would you have the government abandon the minimum wage or environmental laws? If not, what?
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