"Karl Denninger" wrote in message
news:qBxdd.46073$UA.26508@lakeread08...

In article ,

Thats right .. to get a taste look at what happened to the camera and
home electronics industry - wiped out

The US never had a decent camera industry, at least not post ww2. And
the home electronics industry comitted suicide.

It works like this:

1. Flood the market with good and cheaper products.
2. Wait til the domestic target industry dies
3. INCREASE price and milk the **** out of the people who now have no
other options about what to buy.

Matt

Really?

How come my home electronics are cheaper - by a factor of about 10 -
than
what they were before they did all this dastardly stuff?

(3) simply doesn't happen - if you attempt it, then the industry you
killed
now has every reason to rise up once more, because there's money to be
made
undercutting your overpriced junk.

Unless there are "substantial barriers to entry" such as patents,
intellectual property or money. And having been crushed by a monopolist
or a dumper, the industry is no longer attractive because they still
have the capability to deny any entrant a profit sufficient to attract
capital.

Surely you know this, Karl.

If Merc and Bombardier were to be driven out of business by imports and
their factories liquidated, who would be foolish enough to try to raise
the hundreds of millions necessary to reconstitute them?



del cecchi