Once upon a time, RCA made TVs across the river in Camden, N.J.
RCA had the best technology in the world. It had many patents and was innovative. It’s factory was modern and busy and the workers made good wages.
In 1952, it began licensing its television patents to Sharp, a Japanese company. Sharp began making televisions. It, and other Japanese companies, were soon making just about all the televisions and Sharp and a modern, busy factory in the city of Yaita where the workers made good wages.
Camden died.
Now, Sharp is hurting and licensing its patents to Foxconn in Zhengzhou, China. Foxconn and Zhengzhou are booming and Yaita is dying.
One doubts that Yaita will ever reach the point of Camden though.