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by Jeffery A. Tucker
http://mises.org/story/3253

There's an Interesting parallel with the US car industry.

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Nice article, but apparently written just too soon to capture the latest news about Baldwin —a weird synchronicity that rendered the piece incomplete and inaccurate as soon as it was published.

The comments are as juicy as the article itself:

http://blog.mises.org/archives/009081.asp

Steven

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Building something as good or even better than anybody else, especially at certain price point, is something that's not only incumbent on the American car industry but anybody else in manufacturing today.

Once you outsource 80% of manufacturing to some foreign places, you can't expect business to go on exactly as usual.

I very much hope for American manufacturers, some will certainly survive by name or appeal, very few however, on the uniqueness and cost efficiency of their current products.

Nobody will pay you simply more because the stuff is made somewhere in your own land.

This is of course not only true for American manufacturers but anybody else.

Once the genie is out of the bottle, wishful thinking or plain denial isn't gonna get it back there any time soon again...

These are the facts and I know it doesn't make one particularly popular to announce them.

Norbert shocked


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I believe I read somewhere that last month China's net imports and exports were actually down. The world recession is no doubt responsible but projections in China of 10-12% GDP growth rate are now under 6% with the prospect of internal strife. Most world growth in piano sales, I think, is accounted for by the emerging Chinese middle class buying pianos. I wonder what the impact will be on on Chinese manufacturers if capacity was built up for volume that doesn't materialize.

Of course these variables won't impact US piano production but it would seem may have significant on manufacturers abroad.

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Quote
Originally posted by dsch:
by Jeffery A. Tucker
http://mises.org/story/3253

There's an Interesting parallel with the US car industry.
His article originally said Steinway was the only one left. I emailed him about Baldwin, Mason & Hamlin, and Charles Walters.

He emailed back that he would update his article.
A couple days later I had to email him back and say I wasn't so sure about Baldwin anymore.

It is an interesting analogy though.


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Quote
Originally posted by Piano World:
His article originally said Steinway was the only one left.
I can understand Mason & Hamlin and Charles Walter not being on an average person's radar, but not Baldwin. In the past, Baldwin was practically as well known as Steinway.

When did that change? It's hard to grasp that the author would have assumed that Baldwin was already defunct, or would have written that Steinway was the only American manufacturer without bothering to check.

Steven

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i think things will get so bad that Americans will seriously reconsider buying American.


accompanist/organist.. a non-MTNA teacher to a few

love and peace, Õun (apple in Estonian)

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