Comment Re:they will keep selling them (Score 1) 243
Speaking of the 1970s, back then the whole US car industry (and large swaths of the European industry too) said that Japanese cars were poor quality and would never make it in the open market. They were very wrong and suffered the consequences.
context is a bit important, because from the '50s to the '70s, japanese products were largely awful. japanese electronics were particularly infamous.
but they turned things around by continued development and innovation; many were slow to notice due to decades of poor quality.
Their factories were massively subsidised by state intervention so their cost doesn't reflect the full cost of the capital expense that goes into them and the exports are priced based on a glut of supply.
important to stress the amount of subsidies--far, far greater than any western country, and the core tech (the battery) has also been heavily subsidized for decades, which results in an artificially low price that would be completely unsustainable if coming from a private company in a capitalistic market (even with contemporary western govt subsidies).
the main concern with all of this is "dumping"--if someone gives away free shoes for decades, you may lose all your local shoemakers.
and those free shoes may one day stop being free.
plus internal combustion expertise is not easily acquired (the west spent centuries refining the things), but it is easily lost.