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View Diary: Update x4: GREAT news out of Detroit!! (175 comments)

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  •  That's great news but it makes me chuckle! (5+ / 0-)
    Recommended by:
    Satya1, Brainwrap, kyril, pgm 01, cville townie

    We're now in the position, at least for consumer electronics, that third-world countries were in with cars in the 1960s and 1970s.  They wanted to manufacture their own cars, for all sorts of reasons (economics was the least of it), so they set up assembly plants. Almost all of the parts were from the US or Europe or Japan (wherever the brand was from), but they were assembled in-country.  This brought some of the value-added but only some, and the ceiling was reached pretty quickly; only the largest countries/markets (Brazil, India), with the strongest industrialization agendas, were able to move backward through the supply chain and make the bulk of the car's inputs in-country. And then of course you have China, which did it not on the strength of its domestic market but as an exporter to the world.

    So now we're starting on that long road, maybe! Element will assemble TVs, but the parts will almost certainly all or mostly come from China.  It's going to be a while before we can really say that we make TVs, including most of what's inside them, in the US.  

    But nobody's buying flowers from the flower lady.

    by Rich in PA on Tue Jan 10, 2012 at 03:59:39 AM PST

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