‘China would be in the same boat as Japan when they bought the NYC real estate. Nice, but you can’t take it home.’
Japan bought premium golf courses, country clubs, restaurants, wineries and homes throughout California.
Then, they fired every American working in those places and hired cheap labor.
Those systems collapsed under the long range and terrible Japanese management.
I’ve worked under Japanese management twice, for Fuji Film and for Konica. The American top management was corrupt in both cases. I don’t know if it comes down from Japan that way, or if corruption is endemic in the US.