dpro0102

Turning Japanese: The Audacity of Reality (Part 3 of 3)

Ya Jim - I think your comment is correct - I'm not advocating protectionism. My point is - do you really want to argue about Free Market Capitalism in your market when your domestic companies are competing with others that are protected? Death to the domestics while the protected Japanese prosper? How does that help the U.S.A?


On Feb 02 10:33 AM Jim Quinn wrote:

> Bankruptcy would allow the US car companies to come out debt free
> and right sized to compete in the global marketplace. They wouldn't
> go out of business. If the entire world decides protectionism is
> the way to go, this will be THE GREATEST DEPRESSION.

Turning Japanese: The Audacity of Reality (Part 3 of 3)

Good article - but I think you've missed an important point. You want GM and Ford and Chrysler to fail - but you also point out just how much of our GDP depends on consumer spending. It seems that the Japanese car makers currently have the competitive advantage - is this perhaps a by-product of 2 decades of Japanese Government protectionism via currency manipulation? Cars are one of the last things here in the good ole' USA that contribute to the GDP outside of consumer spending. You really want to keep giving those industries away under the guise of 'free market capatilism'? You're headed for 90%+ consumer spending for the GDP - and that (in my opinion) makes you a 3rd world country. It sure isn't free market in Japan! (The #1 importer of cars in Japan (heavily taxed and tarrifed) is Mercedes Benz - and their Market Share in Japan is a 'whopping' 1.6%!) Give up our domestic industries under the arguments of 'free trade' and 'capitalism' to countries that don't play the same way - and you may as well be losing a ground war to them. Wake Up!!!