Quote:
Originally Posted by ithos
I remember well when we were taught in elementary school about the Theory of Comparative Advantage. Soon after we started getting flooded with Japanese imports. Initially they were inferior but eventually became superior and cheaper.
W. Edwards Deming was the American who was most responsible for the transformation of Japan into the the best manufacturing country in the world. He had tried and failed to get his system adopted in America but the executives were too hard headed to comprehend.
But I do agree with the new policy about imports. We need a strong manufacturing base. And Ross Perot was right about NAFTA.
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Manufacturing companies left the US because they where not making enough profits. End of story.