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Re: China....Will we ever learn????


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Posted by oldtanker on September 24, 2012 at 07:49:52 from (66.228.255.239):

In Reply to: China....Will we ever learn???? posted by samn40 on September 24, 2012 at 07:09:41:

Quoting Removed, click Modern View to see

Sam a big reason is that under the Marshall plan to rebuild Germany and Japan they rebuilt with the newest stuff for the day. The old robber barons of the day here in the US who made billions from the war did nothing to modernize or reinvest in their companies. IN the late 60's the US steel producers were still using pre war systems and tech to make steel while both Germany and Japan were using much more modern precesses. That's just one of the reasons they were able to surpass up in many places. Just like during the last recession. AMC went away, the government bailed out Chrysler and Ford used it to get rid of unneeded management and to switch over shut down lines to more modern lines. Gm didn't do much. Chrysler kinda dug it's own hole through the 90's with many vehicle issues and Benz couldn't save em. GM kinda did nothing. Sure bite em in the back side this time around. I remember reading an interview with the VP of Ford while all that was going on. At the time Ford was doing long range planning. He stated that for Ford to be competitive in the future they needed to do these things to be able to compeat.

Rick


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