[Milsurplus] Yalta Conference

[J. Forster]

I basically agree, but it's at least partly driven by Wall Street vultures
and the tax code.

The tax code favors short term thinking because Capital Gains basis is not
indexed for inflation. This discourages long term thinking.

Given this, Wall Street prefers the quick buck... waiting 5 years or more
is not an option. They are barely willing to wait 'till the next quarter.
I've watched small companies fill their loading docks with empty chassis
just to show quarter over quarter growth.

How long did Sony work on VCRs before they made it big? 10 years? 20? It
does not happen in the US.

FWIW,

-John

=================



> I'm probably one of the toughest domestic hard cases there is, only own
> domestic vehicles more than 20 years old, ham rigs from Collins,  VHF-FM
> domestic surplus with GLB synthesizers, you get the drift.  But, it goes
> back to things like this.  Back in the 50s, Philco stubbed their toe on
> their "Apple" color picture tube, wonderful idea, never were able to
> manufacture it.  Sony spent the development money and produced their
> Trinitron, same principles.  No domestic equivalent ever was made.  And it
> went on like that.  Domestic manufacturers were so focused on the
> quarterly bottom line, that they lost the ability to compete with
> constantly improving foreign products.  First Japan, then Korea, now
> China.  Cheap labor and cheap money always wins.
>
> YMMV,
> George
> W5VPQ
>
> ---------- Original Message ----------
> From: sdaitch at kuw.ibb.gov
> To: jfor at quik.com
> Cc: armyradios at yahoogroups.com, milsurplus at mailman.qth.net
> Subject: Re: [Milsurplus] Yalta Conference
> Date: Sat, 06 Nov 2010 22:29:23 +0300
>
> I'd bet the $10 million per day is probably a
> far more realistic cost estimate, but that is
> 5% of the originally touted number.
>
> I suppose we could all stop buying anything
> made in China, or Japan, or perhaps in the
> upcoming years, anything made in India, but
> we won't, will we?  No matter what laws,
> agreements and trade treaties we have, no
> manufacturer is forced to move manufacturing
> operations off-shore.  Having the ability to
> do so is not the same as being forced to do
> so.
>
> 73
> SHeldon
>
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