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Politics : PRESIDENT GEORGE W. BUSH

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To: Thomas M. who wrote (581509)6/10/2004 1:47:56 AM
From: DavesM  Read Replies (1) of 769670
 
You're kidding right? Aside from being great at protectionism, MITI's record is quite mixed. MITI didn't think Sony should have bought the rights to the transistor or that it was economic to use them (transistors) in consumer Electronics. MITI didn't think Honda should make automobiles. I seem to recall that MITI also assisted Japanese electronics and computer Companies to build the fastest supercomputers - just as the PC revolution was taking off!

re: "The Japanese have done very well with their centrally planned and controlled economy"
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