And, a recent tour of one of the Asian powerhouse’s vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.
“We have no chance against this,” Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier’s floor.
Ford executives saying even three years ago that China was way ahead of the game
Toyota’s CEO has likewise said regarding not just his company, but the industry in general, “unless things change, we will not survive”
Market capture is one of the major goals of capitalism because it allows for continuing, unconstrained profits.
When you control the market people have no choice but to turn to you if they need what you sell–regardless of quality.
Securing markets through control of supply doesn’t stop being capitalism just cause it’s done (perceivably) unfairly.
I feel like you’re going a bit into the weeds here. That’s goal of any participant in game theory - capture and win as much as possible. So it doesn’t matter what economic framework you’re using every participant will try to claim the biggest piece of the pie. At least capitalism tries to address this with “checks and balances” of competition while other systems just blindly work on faith that human virtue will be stronger than game-theory which it absolutely might be, at some point?