THIS IS CRUCIAL FELLAS: https://twitter.com/COLABorcbrand/status/918190928380260352 …
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It's time to regale you all with my favorite socioeconomic parable: Meiji Japan
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When Perry reached Japan in 1854, Japan was incredibly backward relative to the USA and Europe.
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How could the people of Japan in the 1850s get that sort of prosperity for themselves?
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"Just move to USA/Europe" might've been the answer if the exchange had happened 150 years later. But it wasn't a choice at the time.
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This left two options: 1- "Just move" in reverse, with Western interests taking over and running Japan 2- "Build it here"
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the gap was not as drastic, but that's exactly why Japan took less time to reach Euro levels than it took Euros to get to them
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