Ahh, I remember with CRYSTAL CLARITY in the 80s when EVERYBODY was terrified of Japan, because they had a PLAN!!!!! And they had MITI, and a gov/private sector partnership, and it wasn’t sloppy, crazy, wide-open capitalism, and they would RULE THE UNIVERSE by 1990.
Now, everybody says the EXACT SAME THING about the Chinese.
Preach it brutha! Anyone remember Lester Thurow, MIT moron? He was wetting his pants over their industrial policy and government-funded analog HDTV. How did that work out? I actually saw him speak one time, surrounded later by his student groupies. He even had a leather jacket. All he was missing was the beret.
Now, everybody says the EXACT SAME THING about the Chinese.
I don't think it's quite the same. Yeah, the NYT lunkheads are drooling over China's industrial policy, which will fail like every other industrial policy. But I don't see the Chinese making the mistake of printing money to stimulate the economy.
and they are saying the same thing about emperor Obama.
“Now, everybody says the EXACT SAME THING about the Chinese.”
the chinese have more people, more oil than japan, and more wide open capitalism.
I remember that too.
YEP...I remember that too...was working at INTEL and they were pushing KANBAN (sp?)....etc...what a load THAT turned out to be.