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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Steve203 ⎊❂🐝 HONORARY
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Number: of 4582 
Subject: Re: China Domination OF EV Technology
Date: 11/15/25 10:30 PM
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This abandonment of "the next technology" by the US is nothing new.

My first thought runs toward ossified management, that doesn't want to come in off the golf course, and change it's way of thinking:

item: the pump seal company, that, in 1980, was still clinging to it's 1940 design, when the competition produced seals that required less material, and less machining.

item: Radio Shack, that clung to it's 1960s business model designed to compete with mom and pop independent TV and appliance stores, after the "fair trade" laws had been repealed and the competition was big box discounters that made a profit on half the GP that RS needed.

item: I remember reading how Edwards Deming gave up on trying to interest US companies in statistical quality control, and took his concepts to Japan.

Steve
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