s helping them take control of more than one American industry (Morrow 19). These are special flat screens found on almost every portable computer today. Several years back, Japanese industry coordinated a successful attack to take over the entire world commercial supply of the LCD computer screen by selling them at one-third the price to make them, and waiting for small US upstarts to go bankrupt. As a result almost all LCD screens in the world are made in Japan. They have created a monopoly. This is very key point because these screens will be used in an array of products including portable computers, medical imaging equipment, videophones, HDTV, touch sensitive visual programming, etc. (Morrow 19). Every non-Japanese industry of any of these products will have to depend on the Japanese to buy these screens to put in their products. However, the Japanese companies also want to make the computers, HDTV, etc. and make America uncompetitive. As a result, they raise the cost of the screens to American industries that are forced to pay the inflated prices (since they have no other supply). This means American products will be more expensive than the Japanese ones and will eventually put them out of business. Once again, America loses.The Japanese have used several strategies including cartels, monopolies on LCD screens, and dumping products in the US to take a leap ahead of us economically. They have been quite successful industrially. Unfortunately, their success is paralyzing the American economy, stopping it from prospering as it should, and contributing to the US National debt. Japan’s unstoppable victory against us has helped them gain the position of being the richest country in the world, a position America used to hold. Works Cited...
