When I was a baby, "cheap Japanese junk" was the phrase used to describe anything "Made In Japan". Come the '80s, there was fear that "they'll be making the computer chips and we'll be making the potato chips". Sony was the name in consumer electronics for many years. The Walkman was the iPod of its day, but today is a different day:
“The time for Sony to change is now,” said Mr. Hirai, who formally took up the C.E.O. post on April 1. He posed for the cameras, one finger held high in a No. 1 sign. “I believe Sony can change,” he said.When I was young, Sears was such a major retailer that it mailed its catalog, twice a year, to every house in America. As recently as the '90s, Kodak was a major player in the photography field (I even worked for a Kodak subsidiary for 9 weeks in the '90s, but that's a different, long story). How long has it been since the Big 3 American car companies led car sales in this country? The first Target store I ever saw was in the late '80s in Colorado Springs; when was the first time you ever heard of Wal-mart, much less saw one? Desilu Studios made Star Trek, which is one of the most profitable TV/movie franchises in existence. Remember when TWA and Pan Am could get you just about anywhere in the world you needed to go?
Outside Sony — and inside it, too — not everyone is quite so sure.
That is because Sony, which once defined Japan’s technological prowess, wowed the world with the Walkman and the Trinitron TV and shocked Hollywood with bold acquisitions like Columbia Pictures, is now in the fight of its life.
Companies get bought and sold and merged, they get created and they go out of business. Everything I mentioned above occurred since the Great Society legislation was signed; has there been any impact on poverty rates in this country?
My point is that government can do some things well, and it should stick to those enumerated powers. Government will never provide anything as well as the market can.