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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (13036)	10/19/2003 3:44:10 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 793698

There are very few industries, very few that are protected in the US, drugs are one. Another is steel. Films are not. Any foreign operator can open a moviehouse here. Drugs in the US are basically the equivalent of Japan's tech industry, which did GREAT for awhile and died. What Japan's consumer electronics giants like Sony did was gauge their own customers in Japan (it cost a fortune to buy a walkman in Japan) while using the profits to fund R&D and flood the rest of the world markets. Sony had the backing of the Japanese government for this level of protectionism in Japan which didn't allow competition.