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e prototype of how business should be run. Car company executives were seen as the most capable manage
上海千花网品茶微信rs. In 1953, president Eisenhower chose Charles Wilson, known as “engine Charlie,” to be his Secretary of Defense.
Then, in 1961, president Kennedy chose Ford president Robert McNamara for the same position. (Of course, McNamara’s incredible mismanagement of the war in Vietnam reduced any confidence that car company executives were especially competent.)
By the late 1960s, the “big three “car companies in the US – General Motors, Ford, and Chrysler – formed a virtual oligopoly and turned lazy. 上海千花网
I remember American cars my father bought in these years often overheating and breaking down by the side of the road. Dad would have to stay by the car with my m
other and sisters while I walked a long way to find a service station and arrange a tow. (This was long before mobile phones.) 上海千花网品茶微信
So, American consumers were ready for more competitive Japanese-made cars, which had consistently high
er quality, to enter the market. My father switched to Japanese cars in the 1970s, and never bought another American-made car. 上海千花网
American car companies saw their profits fall and were not able to pay their workers t
he very high wages made possible by a closed, non-competitive market. The US government responded by
上海千花网品茶微信imposing quotas on the import of Japanese cars and by pushing Japan to rapidly raise the value of the yen.
Obviously, there was a conflict. American consumers benefitted from the cheaper, better cars while workers at the big three saw their jobs become less secure and the
ir wages fall. Fortunately, the protection was only partial and temporary, so the competition eventually forced US carmakers to improve.
Competition is at the heart of the current disputes over globalization and technology. On net, the spread of econo 上海千花网品茶微信
mic opportunities around the world has been a great boon. Many products are more widely and cheaply available than ever before.
Many countries, including China and India, have greatly reduced poverty and given opportunities to their people that would have been undreamed of by earlier ge 上海千花网
nerations. American and Western European companies and consumers have greatly benefitted.
But nobody really likes competition against themselves. Most people like some degree of stability and protection. A worker w
ho has put in 20 or 30 years in an industry will definitely feel that it is unfair to have to move to a much lower-pa
ying service job. A company facing new competitors will try to convince its home government to stop the competition.
Americans saw many benefits from the second globalization period. As Japanese and, later Chinese, manufacturers began to export t
o the US, many consumer goods became a lot cheaper in US stores. Many American companies made good profits by exporting t
o the newly open markets or by outsourcing manufacturing to cheaper and/or better factories outside the US.
President Xi Ji上海419品茶微信nping will pay a state visit to the Democrat
ic People’s Republic of Korea from Thursday to Friday, Hu Zhaoming, spok
esman of the International Department of the Communist Party of China Central Committee said on Monday.
Xi, also general secretary of the CPC Central Committee, was invited by Kim Jong-un, chairman
of the Workers’ Party of Korea and chairman of the State Affairs Commission of the DPRK, Hu sai
d.Xi Jinping, general secretary of the Central Committee of the Communist Party of China and Chinese president, holds a welcoming ceremony for Kim Jon
g-un, chairman of the Workers’ Party of Korea and chairman of the State Affairs Commission of the Democratic Peo
ple’s Republic of Korea, before their talks at the Great Hall of the People in Beijing, capital of China, Jan The long-awa
ited Shanghai-London Stock Connect was finally launched in London early on Monday, offering more opportunities for Briti
sh and Chinese financial institutions to buy into each others’ economic development.
hroughout th上海龙凤品茶微信e world, with a history of more than 2,000 years. In 2006, the traditional festival was listed as part of China’s
national intangible cultural heritage. In 2008, it was recognized as a public holiday in the Chinese mainland.
The Dragon Boat Festival commemorates the death of Qu Yuan, a Chu state
official and poet who lived during the Warring States Period (475-221 BC) before the reu
nification of China under the Qin Dynasty (221-206 BC). He was exiled after opposing his king’s decision to ally wit
h the neighboring state of Qin, and when Chu was finally conquered by Qin, he
committed suicide by drowning in the Miluo River on the fifth day of the fifth lunar month.
The Chu people, who admired Qu Yuan for his loyalty and integrity, th
rew rice dumplings into the river to feed the fish so they would not eat the body of their po
et hero. People then started dragon boat racing to scare off the fish.
Since then, the fifth day of the fifth month on the lunar calendar is cel
brated as the Dragon Boat Festival. The following are some customs for the festival.