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Remember when we all hated B&N because they put all our local booksellers out of business?
by LarryDarrell 8y ago
Remember when we all hated B&N because they put all our local booksellers out of business?
- seanmcdirmid 8y agoYa, and now it’s the smaller locals that are thriving while the big booksellers are struggling. Makes me want to rewatch “you got mail” again.
- Apocryphon 8y agoSomeone needs to update this Onion article about the relaunch and subsequent success of local indie darling The Shop Around the Corner: https://entertainment.theonion.com/fox-books-files-for-bankruptcy-1819575288 https://entertainment.theonion.com/fox-books-files-for-bankr...
- reaperducer 8y agoYep. Amazon did to B&N what B&N did to local bookstores. Just like China did to Mexico in the 2000's what Mexico did to American factories in the 1990's. (For those of you not old enough to remember, in the 1990's there was panic over Mexican maquiladoras just across the borders, just the same way that Americans today complain about Chinese factories. And in the 1980's the same panic, but it was about the Japanese. My prediction: East Africa will do to China what China did to Mexico.)
- InterestBazinga 8y agoThere is no regional loyalty when dealing with Industrial Profit growth.
- bendoernberg 8y agoThere is no loyalty when dealing with profit.
- pc86 8y agoDoes East Africa have the infrastructure and law enforcement necessary to compete with China in manufacturing?
- reaperducer 8y agoFrom what I've read in financial publications, it's getting its act together. It's sick of doing contract labor making flip-flops and other plastic bits, and is making investments in infrastructure to compete in the long-term. So, compete today? No. Compete in 2030? Maybe. I haven't been there, myself, but that's what I read.
- drharby 8y agoI thought china was bankrolling infra in east africa to kind of offshore their manufacture even further
- jonny_eh 8y agoYup, manufacturing will move from China to Africa, and it'll be China reaping the benefits.
- jdietrich 8y agoChina are pouring money into Africa, because they need their own China. Africa desperately needs infrastructure and expertise, while China desperately needs future sources of cheap labour and raw materials. It's a messy and complicated exchange that is neither neocolonialism nor a straightforward win-win.
- Apocryphon 8y agoEthiopia beckons: https://news.ycombinator.com/item?id=17118342 https://news.ycombinator.com/item?id=17118342
- poulsbohemian 8y agoWhat's really brilliant about your question is that if you took your time machine back about 30 years, it could be a quote about how India would never play a role in IT and China would never suffice for manufacturing. For that matter I've heard the same basic gist from American farmers regarding their competitors in South America. If someone else can do it cheaper, then the infrastructure and laws will more or less improve to meet the demand. And then when India becomes too expensive for IT, the work with go to <next place> and when China is no longer the cheap place for manufacturing then that will all go to <next place>.
- specialist 8y agoEmphatic agreement about East Africa. Exciting times...