That's partly because "Scotch" is a protected label. You can only call a Whisky Scotch if it was distilled with a certain technique, from certain grains, by certain companies, and matured in certain casks for a certain amount of time. All of it is regulated.

Japanese whisky doesn't have these limitations. They can just do whatever makes it taste good.

Seiko makes mechanical watches that cost under $100 and are just as precise and long-lasting as a Swiss watch.
You're probably thinking of Casio.

So... The existing market leader chose to flip the table instead of admitting that their position was weaker and lower value.

Yep, that sure sounds like the pursuit of capital instead of... innovation, quality, or any of the other attributes capitalism attempts to associate itself with.

So funnily enough, the very first movement they submitted to the contest in 1963 was a quartz, and it placed tenth overall. They went with mechanical movements for subsequent competitions, and didn’t actually start placing high again until 1966 when they placed ninth overall. In ‘67 they did even better, placing fourth, but then the contest was canceled for good the next year.

A Midwesterner that doesn’t care for cheese? Doubt.

Milk of the poppy.