Okay, last few days reading about some Indian stuff, might as well go off on a short rant!
1. Maybe, that is the word, that is the answer to that question posed. But that argument was made over 30 years ago. By then, the term Confucian capitalism was used occasionally to describe the Japanese and the four tigers, being Hong Kong, Taiwan, South Korea, and strongman nation of Singapore. Lee Kwan Yiu was an unabashed Chinese we ever gonna find. Lee Kwan Yiu probably could have said, I am Chinese go fuck yourself, and we would not be surprised. They don't make leaders like that anymore. The only recent leader like that was Duterte and look where he is now. In short, other Chinese societies or Confucian societies rapidly industrialized, before China, the dragon who gave birth to a couple of those tigers, before China started its ascent.
2. If we were inside a factory 30 years, or inside a factory 20 years ago, or inside some relatively advanced factory 10 years ago, how much Indian manufacturing products do we expect to see? You have one guess. If we all said zero, we would be correct. Okay, what does that mean? Well, how much Indian input do we expect to find in a modern factory today!? The same answer. That most is the rant!
[rant][/rant]
3. A factory today, we must not forget what we really are talking about.
ONE, we need the capital. If someone has that, then TWO they need some expertise in whatever they were doing. Then since it is the modern day today, for your factory to survive making good products, you better be using automation with AI, so that is THREE know what and how modern manufacturing is like, that the factory must know something about an entirely different industry, automation (robotics) and software (AI).
In short, those are barriers to entry.
We do not read that term in the lying Liberal media much anymore, because they do not want to talk about it. The barriers to entry are real.
Take a look at Trump's trade war, and one objective is to bring back manufacturing. So, they would need the capital, the know how (for the product), and extra know how (for automation production).
Notice, that no new American company is doing that, it is the same American companies. Or Trump got the foreigners to most of it, haha! Haha!
TELSA was the only new kick ass American company. Their cars finally got their business going in the right direction after opening their Shanghai factory, and the government contracts made their space business.
Okay, back to India. They do not have ONE, TWO, or THREE, and given that how anti-foreign and anti-business the Indian government has always been and still is, there is no debate here. This is D.O.A.
I mean, if they want a competitive factory, they really need someone to import the whole damn thing. Who is willing to do that?
Ford did that, but they left. A few other examples of that apparently too.
That is why most talk out of India, about manufacturing, is so beyond clueless from those Indian commentators, who never been inside a factory, it is totally nuts, and they have no idea how nuts it is.
It is simply amazing to me. Haha!
