Japanese transplants reshape U.S. auto market
Japanese automakers sold 3,185,639 vehicles in 1989, boosting their U.S. market share to 21.9 percent as North American transplants expand output to about two million cars yearly. Joint ventures and imports blur lines, with Lee Iacocca warning that transplants threaten the Big Three.
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Capitalism's flaws and the call for reform in America
Opinion argues capitalism creates wealth yet fails to serve all, urging US reform through greater government cooperation with industry. It highlights deficits, education, environment, and rising foreign ownership as signs the American model must change to avoid further inequities.
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