Winner Take All

Over the past forty years, the United States has lost commanding leads in electronics, machine tools, automobiles, shipbuilding, nuclear power, and other critical industries - principally to Asian competition. Today, America makes few, if any, of its own cameras. TVs, cell phones, MP3 or DVD players. It is nearly out of the consumer electronics business. In the process, the United States has become the world's largest debtor nation. Conventional wisdom holds that American industry has simply lost out to cheaper labor markets, but in fact the reasons go much deeper: Asian leaders have a fundamentally different way of thinking about business. They are playing a different game with different rules.Elkus, Richard is the author of 'Winner Take All' with ISBN 9780465003150 and ISBN 046500315X.