Simply amazing how far and fast the economy of Japan has fallen. In the late 80’s, Japan was an economic marvel and the envy of world. Now, they are on the verge of collapse.
This is not a comforting fact considering that we have many of the same problems with our own economy. I think our good luck in being blessed with many natural resources and our capacity for change, our ability to adapt, has kept us, so far, from falling apart ourselves. It is truly scary that Japan with its highly educated and law-abiding workforce, one that in many ways is equal to or superior to our own, still can’t keep their country from losing its share of international markets. If it can happen to them, it can surely happen to us.
Obama, with his EPA, et al will insure it. Natural resources are of no benefit when they are locked up.