Quote: Does anyone remember when everyone thought Japan would bury us economically? Whatever happened to the Japanese juggernaut, anyone?
You cannot compare with what is happening with china/India today as what happened with Japan 15-20 years ago. The primary differnce is we were not shutting down US factories by the thousands and moving them to Japan.
You cannot compare with what is happening with china/India today as what happened with Japan 15-20 years ago. The primary differnce is we were not shutting down US factories by the thousands and moving them to Japan.Precisely wrong. Japan's re-industrialization was an attempt to capture American manufacturing. What they failed to realize--what you fail to realize, what the Chinese fail to realize--is that the cash value of manufactured goods continues, is continuing, to crash, not because of cheap labour, but because of prodcutivity and efficiency gains and the low cost of freight (at the moment). A strong economy is no longer an industrial economy: it simply isn't 1927 any more, dude, and crying won't bring it back.