The Origin of Your TV Set Is a Simple Lesson in the Dangers of Ignoring Globalization

Quartz: “Donald Trump is right. The US doesn’t make TV sets anymore, and it’s mind-boggling that an industry that once supported as many as 100 American manufacturers churning out millions of devices each year went from startup to standard-bearer to extinction in 50 years’ time.”

“But the US president-elect is wrong when he casts the sector’s demise as a failure of globalization. US television manufacturing wasn’t killed by bad trade deals or competition from cheap labor abroad. It was done in by its own inward focus on the domestic market and its own failure to see the global opportunities at hand—and it won’t be resurrected by protectionist trade policies that encourage businesses to repeat these mistakes.”

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