Here’s Eamonn Fingleton arguing in 2012 that Japan’s “lost decade” was a myth that Japan went along with because of its usefulness in avoiding trade disputes, etc.http://www.nytimes.com/2012/01/08/opinion/sunday/the-true-story-of-japans-economic-success.html …
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Gawd but the U.S. got played; Eamonn F. is one shrewd observer.
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I think it was more mutual. America’s leaders don’t want lame stuff like infrastructure or factories, they want financial assets. They think they’re playing the East Asia countries by letting them have all that machinery, while America just keeps the best part.
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well...America *thinks* it kept the best part
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Right. You have a company like HP that went from an innovator to buying computers from Taiwan and putting an “HP” logo on them and they think they’re geniuses who duped dumb foreigners into doing the unprofitable stuff for them but really they’re living on borrowed time.
End of conversation
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or that the trains are still as crowded as they were in the 70s and 80s
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