Lemme see if I get this right. Japanese companies built a better mousetrap in Japan using Japanese capital and Japanese knowledge and Japanese workers and beat the pants off of us. Am I correct in how I'm looking at this?
Well look what happened.
Weren't they the ones who first started investing in China?
JMO, the dot com bubble burst and now IT profesionals aren't in as much demand and now they also have competition. Just like the auto and steel workers found out in the late 70's.
Slight difference here. American companies didn't finance the Japanese in the 1970s that I recall whatsoever. The Japanese built themselves up and built a better mousetrap. Right now, its American companies leaving the fold.
Seems pretty obvious. Comparing what is going on nowadays to Japan in the 70s and 80s is like comparing apples and oranges.
They were one of the first and the removal of some of the restrictions on imports of finished goods into Japan immediately preceded their financial problems. Now I am not at this point asserting a direct connection because I have nbot researched theissue well enough but cetainly the coincidence should not be cavalierly dismissed. I note this has been pointed out to Dane previously (since he is being mentioned in this post he is being flagged as a courtesy).
As for the rest of your comments there are on point and factual.