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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The “lost decade” myth helped Japan avoid trade disputes with the US.pic.twitter.com/XzOdyK1hi9
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Replying to @mr_scientism
keep this in mind every time you see some article about why we should be glad for whatever reason that we're not Japan
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Replying to @380kmh @mr_scientism
it's incredible how many americans I talk to who appear to think that the capsule hotel is the default for lodgings in Japan
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Replying to @380kmh @mr_scientism
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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Replying to @mr_scientism @jgeyser
well...America *thinks* it kept the best part
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