• ToadOfHypnosis@lemmy.world
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    4 hours ago

    Japan used state capitalism to promote it’s auto industry and other key sectors to sustain strong growth. America’s weakened billionaire owned government system is just being strip mined into the ground. We won’t be able to compete in an economy that’s only product is wealth extraction because of our massive corruption.

    • rottingleaf@lemmy.world
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      2 hours ago

      Back then American industries were just complacent due to insufficient competition, and Japan’s industrial development was a bit of a miracle (that “living in year 2000 since 1980s” joke).