Only because of pure ideology and a base that saw their manufacturing growth as a threat.
Once US capital realized that Japan could be a petri dish for neoliberalism and fascism they changed their tune and all the dipshit rubes followed suit
America had been pumping capital into Japan since the occupation. Japanese banks then responded through low interest loans and extensions of credit to basically anyone who asked. It resulted in a massively inflated tech sector, usually called the Japanese economic miracle. This scared the heck out of American capitalists. Japan briefly became the big evil country in a lot of American news/media in the 80s.
This fear would culminate with America raising interest rates and building alternate tech/computing sectors, Silicon Valley for one. Japan had a massive recession throughout the 90s, which is usually called the lost decade in Japan.
And yet the US still pulled the rug out form under them in the early 90’s
Only because of pure ideology and a base that saw their manufacturing growth as a threat.
Once US capital realized that Japan could be a petri dish for neoliberalism and fascism they changed their tune and all the dipshit rubes followed suit
Don't forget racism too!
First as tragedy....
I dunno what this is about can you elaborate?
He's probably talking about the Plaza Accords. Here's basically the first thing I found on DDG
https://kendawg.medium.com/how-the-plaza-accord-helped-the-us-destroy-the-japanese-economy-b4b24c20a9af
Thanks, that’s what I was referring to.
America had been pumping capital into Japan since the occupation. Japanese banks then responded through low interest loans and extensions of credit to basically anyone who asked. It resulted in a massively inflated tech sector, usually called the Japanese economic miracle. This scared the heck out of American capitalists. Japan briefly became the big evil country in a lot of American news/media in the 80s.
This fear would culminate with America raising interest rates and building alternate tech/computing sectors, Silicon Valley for one. Japan had a massive recession throughout the 90s, which is usually called the lost decade in Japan.
That's the basics of it
Remember Die Hard? The Nakatomi Building? The subtext being that the Japanese were taking over America and buying everything?
Yeah well a few years after that Japan got rekt. There's a reason nobody studies Japanese at school any more.
hawai'i erasure :angery:
LOL ok except Hawaii. The Japanese couldn't take it during the war, so they came back afterwards and bought the place.
Good Japanese food in Honolulu though. So authentic, at one place I was denied entry because I wasn't Japanese. That's a real Japanese restaurant!
lol what the fuck omg