Word: marketeers
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Dates: during 1960-1969
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...back to the U.S., which imports three-quarters of the fish products it consumes. For a variety of reasons, including lower labor costs, government subsidies and sophisticated equipment, a few foreign producers can cruise close to U.S. shores, process their catch, and sell it on the American market-all for less than the same cycle costs a local fisherman...
Even so, the buck-passing generated a market for solutions. Both Eastern and American airlines are developing short takeoff and landing (STOL) aircraft capable of carrying some 100 passengers at 400 m.p.h. on short hops between cities. Out of the Viet Nam war may come new kinds of helicopters, combining rotors and fixed wings. Many cities are discussing an old but excellent idea: expanding small existing airports in order to lure private planes away from big congested jetports...
Rising Deficits. Textile imports from countries that use American management methods and technology-but pay lower wages-are swamping the U.S. market. In 1961, the U.S. enjoyed a trade surplus of $53.7 million in cotton, wool and synthetic fibers. Since then, deficits have increased steadily. Last year the imbalance climbed 60%, to $807 million. Today 47% of all women's synthetic-fiber sweaters and 46% of all wool sweaters sold in the U.S. are manufactured abroad. One of every three men's all-wool suits is made from Japanese worsteds, and a quarter of men's shirts...
...pair of West German typewriter makers in which Litton (1968 sales: $1.9 billion) bought a majority interest last January. Their worldwide sales total some $52 million, but only $7.5 million comes from the U.S., where their Triumph-Adler brand of typewriters accounts for a minuscule share of the market. But the FTC complains that the acquisition tends to "lessen competition" in violation of the Clayton Antitrust Act because Litton already owns the Royal typewriter company, which accounts for 40% of the manual-and 11% of the electric-typewriter market...
...people to enjoy, of much shoddier quality, at much higher prices (measured by the hours of work needed to buy something). Don't you know that "Socialist" countries are smuggling "capitalist" incentives into their systems? Has it not dawned on you that whenever and whenever there is no free market, there is no free thought, no free art, no free politics, no free life...