Imagine if you are huge media conglomerate, say the one based in Australia, New Corp. You can see you revenue sources drying up from some of your media outlets due to the internet and you are at your wits end to change the trend. Lucky for you, you purchased the most respected business media outlet in the world and It’s fairly easy for you to weaponize that advantage so long a s you don’t really care about your outlet’s credibility. Apparently New Corp. is willing to sacrifice the Wall St Journal’s credibility on the altar of having to keep a dying business model on life support.
On Tuesday This short article appeared in the Wall St Journal:
The article had the usual complaints about not being able to get stuff made here in the US. The plaints of how impossible it is, how there were no suppliers to make what they want. I read the article, rather mystified, because I’ve never had much trouble getting all sorts of stuff made here in the US. Then I read it again and I realized the problem. When you bid for a job in China it’s turnkey. Essentially the manufacturer does all the work and all the company here in the US has to do is ship and collect the checks.