- Joined
- Jan 2, 2019
- Messages
- 7,296
Thank you.I think when the real historians in the world finally get the non-politicalized story of globalisation straightened out, it will tell the story of how nearly a billion people in two developing countries came out of subsistence farming and urban poverty and became part of the working middle class and will describe all of the problems and wonders that come along with that transformation.
China went from stealing, copying, and arguably still struggling to make a quality product to eventually having their own global powerhouse industries. This is still playing out and it is fraught with compromises, unfulfilled standards, broken promises, etc., i.e. China and India's industries are still getting sorted out and I think time will tell if they can meet global needs and standards.
And the history books will tell a story about how many companies in the original industrialist countries played games with quality to stay alive. Cutting corners, figuring out ways to cheat on costs, exploiting others to make marginal gains while losing focus on their craft. What we are witnessing is miraculous and ugly at the same time.
On the other hand, it is hard to grasp how many great manufacturers are out there. They are just so many trying to make good products, its just that many of them aren't making smaller machining equipment. I'm optimistic we will get it sorted out someday.
We will all do well to remember that we are one planet and we’re all doing the best we can with what we have.
Businesses exist to make money for their investors, good ones will succeed and marginal ones will be replaced.
Fortunately as a hobby I can choose what to work with by whatever criteria I want.
John