04-20-2025, 12:01 PM
China learned from the model established two centuries ago by industrialist Andrew Carnegie. He made US Steel the world leader by embracing innovation and efficency. He even abandoned a newly built factory before it was used once because a new process was slightly more cost-efficent.
Companies like BYD are continuing to innovate and improve quality while American car companies (namely Tesla) fail to move forward. The 2025 Tesla models remain essentially unchanged since their introduction.
In the early 70s' Detroit ignored and scoffed at Japanese imports, they knew better than consumers what cars would sell. Toyota, Honda and Datsun took over the market. Today tariffs and protectionism are doing the same.
Companies like BYD are continuing to innovate and improve quality while American car companies (namely Tesla) fail to move forward. The 2025 Tesla models remain essentially unchanged since their introduction.
In the early 70s' Detroit ignored and scoffed at Japanese imports, they knew better than consumers what cars would sell. Toyota, Honda and Datsun took over the market. Today tariffs and protectionism are doing the same.