Numerous other japanese made products i said you

numerous other Japanese-made products. I said, "You criticize us all the time for not
buying American products while it's obvious that you prefer Japanese products. Are
you asking us to buy something you won't buy yourself?"
Americans today make money by "handling" money and shuffling it around, instead
of creating and producing goods with some actual value.
America Looks 10 Minutes Ahead; Japan Looks 10 Years
I delivered a speech in Chicago entitled "Ten Minutes vs. Ten Years." I stated that we
Japanese plan and develop our business strategies ten years ahead. When I asked an
American money trader, "how far ahead do you plan...one week?" The reply was "no,
no...ten minutes." He was moving money through a computer, targeting the fate of
that transaction ten minutes later. So, as I told the Americans, we are focusing on
business ten years in advance, while you seem to be concerned only with profits ten
minutes from now. At that rate, you may well never be able to compete with us.
A well-known economist, Peter Drucker, wrote recently: "Americans cannot live in a
symbol economy where businessmen play only with numbers; Americans should
come back to a real economy where money moves in accordance with real
production activities."
Unfortunately, in America, stocks are owned and handled by institutional investors
whose fund managers actually buy and sell stocks in huge numbers in an attempt to
maximize profits in a given short period of time. At the slightest increase in stock
prices, they sell, and when the profit margin of any company declines as a result of
poor management, they sell before the company's stock prices begin to decline. For
them, the name of the game was nothing but quick profits.
It is expected that the American service industry will flourish. This includes finance
and financial services, where entrepreneurs and investors alike do not leave their
money in long-term projects, such as the ten-year projects that have been
implemented in Japan. The American economy is, then, an economy without
substance. It must return to a real production economy.
In America, R&D is closely linked to the military budget. R&D in the private sector is
heavily dependent on military expenditure. As a result, a corporation can engage in
the development of a new fighter without worrying about profit or loss. On the other
hand, budget constraints on NASA and the military agencies will directly reduce the
volume of R&D.
A ten-minute profit cycle economy does not permit companies to invest in long term
development. There are some exceptions, such as IBM, AT&T, DuPont, and some
others. But they do not represent the mainstream of American business nowadays.
Gradually but surely, American business is shifting toward a symbol economy. In
addition, it seems fashionable to call the service industry the "futuristic third wave"

and information and intelligence is the business of the future. But these produce
nothing. Business, in my mind, is nothing but "value added;" we must add value and
wisdom to things and this is what America seems to have forgotten. And this is the