The U.S. government concentrates its industries from major steel to micro-electronics on war materiel which we use and sell-guns, bombs, tanks, fighter planes, supersophisticated electronic devices-all devised solely to kill maximum numbers of people. This is according to government planning and coordination. Costs are immaterial and prices are fierce-we have no competition. Our customers are other nations. They buy our materiel because they have to.
The Japanese government concentrates its industries from major steel to micro-electronics on consumer goods-automobiles, television, radios, electronic equipment, computers-all devised solely to serve and entertain consumer markets. This is also according to government planning and coordination. Costs are vitally important because prices must be attractive to consumer-buyers who purchase the products because they love them and are pleased with both their quality and prices.
Which nation is winning the world?
