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Author Archives: Eamonn Fingleton
More nonsense from the New York Times on Japan’s “lost decades”
The Times says Japan is “disheartened.” It hasn’t looked at Japan’s trade figures — or America’s. The New York Times yesterday carried a major article headlined “Japan Goes from Dynamic to Disheartened.” Rarely has the truth of the Japanese economy … Continue reading
Posted in Japan, Press
Tagged disheartened, japan, japanese gdp, mark skousen, martin fackler, naka-dori, new york times, roppongi hills, tokyo midtown, vuitton, yen
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Appearance on BBC World
Posted in China, Japan, Sino-Japanese relations
Tagged bbc world, senkaku, Sino-Japanese relations, trawler
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Lessons from the Sublime Porte: How to lose an empire
Current U.S. trade policies were first tried by the Ottoman empire. As I show in this article — first published in the August 2010 issue of the American Conservative – America’s decline is proceeding even faster. Here’s an economic history … Continue reading
Posted in History, Trade
Tagged birdal, economies of scale, foreign debts, mercantilism, ottoman, pat choate, tariffs, trade, value added tax, vat
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Edwin Reischauer: An ambassador who lied TO his country
John Kennedy’s ambassador to Japan is the subject of a new biography. Unfortunately, as I point out in this review (which was first published in the June 2010 issue of the American Conservative), the author’s agenda has little to do with … Continue reading
Posted in Book reviews, History, Japan
Tagged cartel, detroit, galbraith, harvard, japan, mercantilism, packard, reischauer, renault, wanted: an asian policy
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Myths of the Japanese economy
This is a longer version of an article I have just published in the journal of the Overseas Press Club of America. Former Tokyo correspondents held a reunion at the Overseas Press Club in New York in March at which … Continue reading
Posted in Japan, Press
Tagged consumers, deflation, eugenic protection act, good deflation, japan, lifetime employment, opc, overseas press club
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Germany: The big engine that could
When the global economic crisis began in 2008, many commentators predicted Germany would be among the worst hit. As I show in this article — first published in the American Prospect — Germany has in reality excelled not only in … Continue reading
How the press stabbed Detroit in the back
In a new article for CounterPunch, I show that, by failing to blow the whistle on protectionism in key foreign markets, the American press shares blame for Detroit’s implosion. For decades East Asian competition has played a controversial role in … Continue reading
The complaisant watchdog: how the press missed the Madoff scandal
The Wall Street Journal and the New York Times slept while Bernie Madoff swindled. [Article first published in CounterPunch. To read the original click here.] An old maxim has it that newspaper editors separate the wheat from the chaff, then … Continue reading
Posted in Press, Service economy
Tagged chittum, counterpunch, deogun, front-running, garrity, gerald seib, gretchen morgenson, howard kurtz, madoff, markopolos, michael lewis, mort zuckerman, nexis, paul steiger, red flag, wilke
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I told you so (cont’d)
In 1999 I wrote a book that foreshadowed the collapse of America’s New Economy stock boom. I went on to publish a paperback version with a new introduction — an introduction whose prescience has also stood the test of time. … Continue reading
Posted in American decline, Global economy, Japan, Manufacturing, Service economy, Trade
Tagged "trade-deficits-don't-matter", alan abelson, alfred eckes, allan sloan, bertelsmann, chalmers johnson, devaluation, greenspan, hollings, jim grant, john cassidy, lexisnexis, marshall auerback, ohmae, optical fiber, ottoman, pat buchanan, pat choate, robert heller, tariffs, unsustainable
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A reviewer who has read the book
The American radio industry’s top liberal talk show host has had some nice things to say about my book on China. That’s flattering. What’s even more flattering is that he has read the book. Really read it, that is. One … Continue reading