Quote:
Originally Posted by scottw
“The facility was producing the product it said it would produce, and consumers were buying the product,” he said. “The company struggled because the market has changed dramatically.”
HUH?
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Huh? The problem was that the company couldn't compete because the Chinese Government is subsidizing domestic production to keep the market saturated with cheaper product.
The problem here is just like when a company tries to incubate a new technology. They usually all fail at first, but if kept afloat some will become strong enough to swim on their own. Most of this will happen naturally in the market, but what about strategic industries?
Cutting taxes isn't the solution...we need education and focused incentive.
-spence