Japan's Bad Trade
Fingleton, Eamonn, The American Conservative
Why won t anyone talk about Tokyo's auto protectionism?
Mitt Romney was in his element a few years ago as the Obama administration struggled to rescue the Detroit auto industry. In an eat-your-spinach tone, he ticked off his recommendations for reform. Top management should go, executive dining rooms should be shut, and factory wages slashed. Then there were the industry's "legacy costs": given how drastically Detroit's market share had shrunk in the face of rampant imports, retiree entitlements had come to account for as much as $2,000 per car. Countless retirees would just have to be thrown overboard.
Whatever the merits and demerits of Romney s lengthy list, it contained a …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Japan's Bad Trade. Contributors: Fingleton, Eamonn - Author. Magazine title: The American Conservative. Volume: 11. Issue: 10 Publication date: October 2012. Page number: 22+. © 2009 The American Conservative LLC. Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.