interesting breakdown of the economy

[IGIT]

Unless someone starts making better cameras here.

hi there MadSquabbles500,

it didn't happen when there was plenty of economic incentive to do so in the early 2000s - what makes you think Kodak (or anyone else in the United States) would suddenly get their shit together if the Federal Government puts a protective ring around their company and they were protected from all foreign competition?

- IGIT

 

[IppoMakanuchi]

Leaving the healthcare issue aside for a moment, how do you think Americans would be doing financially if our country had gone protectionist since the 1970s?

Terribly and so would the rest of the world.

Our unwillingness to compromise on free trade is the reason the world economy has done as well as it has leading up to and into the 21st century.

 

[MadSquabbles500]

hi there MadSquabbles500,

it didn't happen when there was plenty of economic incentive to do so in the early 2000s - what makes you think Kodak (or anyone else in the United States) would suddenly get their shit together if the Federal Government puts a protective ring around their company and they were protected from all foreign competition?

- IGIT

Not necessarily Kodak, but just anyone who wants to steal some of that market niche. What economic incentives did we have in early 2000's might you be referring?

 

[IGIT]

Not necessarily Kodak, but just anyone who wants to steal some of that market niche. What economic incentives did we have in early 2000's might you be referring?

heya MadSquabbles500,

what incentives did Kodak have?

the incentive of "if you don't get your act together, the japanese are going to eat your lunch and put you out of business", which is precisely what ended up happening.

Kodak had all the nimbleness of a corporation that wore cement shoes - but were the only US manufacturer of digital single lense reflex cameras (what professionals use).

photographers would have preferred to resort to pen and ink illustrations rather than use their products when the digital revolution occurred. Kodak did an absolutely shitty job in protecting the jobs of their employees and protectionist policies were the last thing they needed or deserved.

- IGIT

 

[Cubo de Sangre]

So everyone has jobs but they dont pay enough to move out?

I'm guessing the titty just doesn't stretch far enough.

 

[MadSquabbles500]

heya MadSquabbles500,

what incentives did Kodak have?

the incentive of "if you don't get your act together, the japanese are going to eat your lunch and put you out of business", which is precisely what ended up happening.

Kodak had all the nimbleness of a corporation that wore cement shoes - but were the only US manufacturer of digital single lense reflex cameras (what professionals use).

photographers would have preferred to resort to pen and ink illustrations rather than use their products when the digital revolution occurred. Kodak did an absolutely shitty job in protecting the jobs of their employees and protectionist policies were the last thing they needed or deserved.

- IGIT

Honestly a lot of Murican companies were like Kodak when it came to "Japanese" competitors. The auto industry is perfect example. They moved away from making cars most americans want to buy and went with the big ass SUVs and trucks.

My guess is the shareholders probably owned some of the japanese companies too, and just did not care. Let the Murican companies die out, or keep on the down low for a little bit, until comes along something that gives them a reason for revamping.

Or, I forget the term they use on Wallstreet, let company die down, sell off bits and pieces of it off for profit. ( I believe Romney is famous for this).

Those "Japanese" are pretty multi-national arent they? I am sure many major institutional investors are Murican.