The by word of the day is, "Buy American." Well it is if your an american and your livelihood is wrapped up in whether or not people buy what your making. For the most part I agree that we are getting screwed. NAFTA, and whatever other _AFTA there is out there. Foreign countries don't want what we're making, corporations would rather build equipment overseas where a living is cheaper on their bottom lines.
On the other of the coin however, is the stupidity of american business. Sure we could pin point certain parts of the world that stop buying our gear because they're mad at us, say like Arab countries and Coca Cola. This doesn't come close to the Detroit mentality, in the '80s Japan's economy cars took the market by storm. People were buying foreign cars for gas milage. Detroit resisted change until the all hope was lost and the federal gov had to step in and rescue certain companies from the trash heap. Of course by then the boys in Detroit were playing catch up. They had to make their cars more economical, game japan had been developing since the early '70s.
For awhile it seemed as if the big boys of Detroit had learned they're lesson, by the end of the '80s discovery magazine published a story of GM research new tech in electric automobiles. Unfortunately there was and still is a problem in power output between electricity and gasoline. So I guess GM just quit and continued building vehicles that got less and less MPG. Oh there are a lot of bumps in the road, mostly emissions regulations whether it was placed on fuels or engines. In the short who cares in business one must continually reinvent oneself or die. Diesel was to dirty so detriot made more gasoline burning vehicles, BMW just pressurized they're fuel so it would burn cleaner. In the end it's the same, Detroit works for the short game and get trumped by other companies working 10 years out.
GM is the recent example of this. While in the middle of restructuring they
plan on adding 350 jobs to the payroll. Keep in mind that in the end they have to shed 130,000 in less than 2 years. They also plan to invest $545M. What do they plan in "investing" in? Factories that make the same old tired crap that nobody is buying. Doesn't invest mean to spending expecting a return. If america wants to stay in business they're going to have to start thinking 10 years out instead of the next quarter.
Kodos to Ford and Boeing though, they're exploration into nanotech to make lighter stronger building materials is a good start. But will they come with something marketable before they're bought out by a foreign company, or will they hit a snag and quit. So far the track record of this modern america is the latter, and until they learn to make quality and stay in front of the game the term Buy American will never pass over my lips.
It happened again!
14 years ago