Quote:
Originally Posted by Xringer
I remember spending abt $1,800 for a new 1978 Toyota Corolla. My wife loved it.
That was during the time Toyota was mining for return customers. (Remember those low cost trucks?)
Of course, the Japanese gov was helping them.
My Japanese friends were amazed at the price we paid.
In Japan, the same car(right side steering) was abt $1000 more.
Today, Cynthia is driving a 2003 Corolla. Reasons: Quality & price.
Now, she wants a Prius, but I'm not sold. I think a 40 mpg Kia Rio w/ ISG would be better.
Is Korea.gov subsidizing Kia, at the levels the USA is doing for GM??
Would that be cheating? Unlevel playing field? Should we blame the 'Rich'?
(Meaning me?)..
Edit:
Should have I have waited for an American company to make a good inverter ASHP,
instead of buying a cheap Sanyo Mini-split??
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I don't think you're the "rich", unless you happen to have $15 million lying around you haven't mentioned. Those are generally the income group, the one percent of the population, who are referred to as rich, since they have almost half of the wealth in the country.
Generally subsidies are met with tariffs, it's just that it takes a while to figure out what's being subsidized and by how much, so industries, especially newer ones, can be susceptible.
As to whether or not you should buy something, research it. There could be subsidies in Korea that aren't being addressed by US tariffs, or they could simply specialize and make a better product. Economics is built on comparative advantage.