Japan

11 Pages 2870 Words

ti-foreigner" tactics as well as adversarial trade and predation strategies, Japan is greatly weakening much of America's strategic industries, standard of living and national security. These actions are also destroying the jobs of ordinary American people. While America is being complacent with its industries, the greatest transfer of wealth in the history of the world from one country to another is happening right now, from the United States, to Japan (Melloan A15). Those who study these types of topics know that economic wars can be even more devastating to a country's long term future than conventional wars. Japan is organized to fight, employs a world economic strategy and has a fundamental plan. America's economic strategy is in disarray and there is no plan. As a result, America is losing the economic war by default. A very famous example of Japanese national government and corporate coordination to take over a foreign industry is that of the Japanese TV cartel, first set up in the 1960's. This is how Japan took the free-world TV industry away from the United States (Sato 32). In the 1960's, the Matsu*censored*a Industrial Electric Company, Sanyo, Toshiba, and others formed a TV cartel in Japan. They got US TV technology from the giants in the industry (Zenith, RCA, and Quasar) in the following way. The Japanese government prohibited US made TVs from being sold in Japan. Instead, they insisted that the technology be licensed to Japanese manufacturing companies rather than importing (still often the case today in Japan). The US companies thinking they could still make money this way, agreed to these terms which enabled the Japanese companies to acquire the technology on how to build TV’s (Sato 35). The above Japanese companies, with tacit approval from the Japanese government, set up a cartel to inflate TV prices in Japan in order to turn around and use the money to sell below cost TVs in America. This was to drive US makers out...