Boy, talk about a thread going off the tracks!
Only if you take a micro view, not if you take a macro view.
The fact is that due to globalization and corporate acquisitions, excellence is getting to be a rarer and rarer commodity.
Excellence is speakers is one small part caught up in the whirl wind, created by idiot corporate bosses, short sighted government policies, bankers and hedge fund types with criminal ethics.
If we return to speakers, lets take Rolla Celestion. They produced really fine speakers, from a program of innovative research. They pioneered laser interferometry and pushed the science of cone design forward. Speakers from that body of research still fetch high prices on Audiogon and eBay, and with good reason.
So they got acquired by Goldmark industries out of Hong Kong. Now nothing but absolute junk is produced. This outfit also bought KEF. Recent offerings from KEF that I have auditioned, have been way less than stellar.
All this has accelerated the race to the bottom, and made the search for excellence a longer tougher road.
What if Billy Woodman retires and sells ATC? The the worlds finest mid range driver is threatened.
If the Scandinavian driver manufacturers succumb to the Far Eastern onslaught we are in dire straights. If they acquire the likes of B & W also we are really sunk.
Credit is flowing in the Far East. As you will see from some of my links, European credit markets are now frozen.
We have allowed a potentially disastrous situation to develop, and the loudspeaker business and pursuit of excellence is just one of many set backs caught up in this downward spiral.
This is all made worse by the fact that is no clear picture of where this will all lead. What is worse is that anybody with an ounce of intellectual honesty, has not got a clue of what to do about it.