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The Japanese government did this (selling below cost) with consumer electronics, steel and some other industries, with the end result being that no television s
by Tangurena 15y ago
The Japanese government did this (selling below cost) with consumer electronics, steel and some other industries, with the end result being that no television sets are made in the US anymore.
- mikeash 15y agoWas that the result, or merely something which happened afterwards for other reasons?
- justincormack 15y agoBut they were an industry of falling prices, the incumbents who failed to innovate were probably going to fail anyway. http://www.bothsidesofthetable.com/2011/12/22/the-amazing-power-of-deflationary-economics-for-startups/ http://www.bothsidesofthetable.com/2011/12/22/the-amazing-po...