From the Quotation of the day mailing list, 2008-01-13:
"You can get kind of cynical on a lot of it, but, on the other hand, I think in some ways there is a lot more good food in the country than there ever was, and I always say that it's because of the Immigration Act of 1965, which replaced a policy that actually let in more people from Great Britain who wanted to come at the expense of the Chinese. That's a suicidal policy when it comes to food, a national quota system based on favoring England and northern Europe, basically on the theory that people who eat bland food make better citizens than other people. It took a few years for the effect to be felt, but now you might go to a town in Iowa and find a Laotian restaurant or something, you know, because there are clumps of people all over the place." -- Calvin Trillin, in an interview from The New Yorker, September 6, 2004.
http://www.newyorker.com/archive/2004/09/06/040906on_onlineonly01?currentPage=2]
(submitted to the mailing list by Terry Labach)
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Nancy Lebovitz
from LJ:acroyear70
They'll help people find a place that needs something, sometimes a foreign cuisine restaurant of their culture, sometimes an all-American deli in a new office building (as there's never a shortage of those), sometimes (yes) a laundry mat. Then loan them the capital to get it started, along with one of their reps to deal with the legal paperwork.
This is doubly-advantageous to these investors because 1) they get a low-risk investment that almost always returns in time, and 2) they already own significant parts of the distribution channel of the equipment and the food supplies (like the pre-made sauces), so really they're just creating a "franchise" without the branding. Their culture itself becomes the brand rather than any specific name (and my guess is that these people from all of the asian countries *really* hate PFChangs for blowing that trend).
So why so many foreign restaurants in America? 'cause the asians discovered capitalism and made it work for them.