Japan's Gaming History Now Safe
An anonymous reader writes "The Guardian today has covered the final part of the ongoing saga regarding the Electrical Appliance and Material Safety Law in Japan. Thankfully, the law has been almost reversed allowing the continued sale of second hand electrical goods (including games consoles)." From the article: "The Japanese secondhand electrical goods market was officially estimated last year to be worth around £500m ... The government probably hoped the law would go largely unnoticed and bring a variety of benefits. By taking the money out of the secondhand market and injecting it into the market for new goods, regulation (of old products) and revivalisation (of the economy) would be achieved in one fell swoop. On paper, anyway. In practice it was rather different."
Another example of government thinking that they can artificially manipulate the market.
Stay tuned for new sig...
The environmental impact of this law alone made it a preposterous idea to begin with. I'm glad that it was halted. I think that this would have made Japan look really bad in other nations' eyes. They probably didn't want to take any of the US's "credit" in collossal wastefulness.
Wow, that was a winner of an idea. I wonder why they didn't think to apply the same regulation to, say, used cars?
"Revivalization" is a awesome word, by the way.
A-Bomb
"In theory there is no difference between theory and practice. In practice there is. " -Yogi Berra
Amazingly true... especially in economics...
For those that don't know, here is a little background info:
People in Japan never purchase used electronics, in fact they purchase new electronics at a pace which dwarfs American technology purchases. It's just sort of a Japanese thing... They always want the newest/best/coolest bit of technology.
There are however, many poorer countries around Japan, and there is an amazing market for these used electronics in nearby countries. For some time now there has been a massive organized sale of used electronics to other countries, creating pretty substantial profits.
This could be powered by anything from ebay to organized supply chains.
Basically the Japanese government felt like they could possibly direct some of this revenue to the electronics manufacturers, and increase the sales of new items, therefore promoting growth and new technologies, etc, etc.
The thing here to remember is that it never impacted the Japanese directly, as it is extremely rare for a japenese person to buy a used electronics item for themselves, but rather it impacted them indirectly by making it harder to profit from the resale of items.
Anyone feel free to correct me on this.........
Big ones, small ones, some as big as yer 'ead!
Give 'em a twist, a flick o' the wrist...
I can't get over the idea that they seriously considered restricting secondhand markets. Functioning secondhand markets reduce the new purchase price of consumer goods since you can get some of your cash back if you decide to sell; in other words, it makes you more likely to but the new good in the first place. Removing this option reduces the effective demand for the new good, which is contrary to what they were planning to achieve. In addition, the environmental effects of such a policy would have been potentially terrible.
When oldskool is outlawed, only outlaws will be oldskool.
or... as Charlton Heston said...
FROM MY COLD, DEAD HANDS!!!!
viva la Colecovision! hahahahah