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Category Archives: American decline
Chalmers Johnson: The passing of a true scholar
In a field known for fractiousness, Chalmers Johnson spoke with unique authority. Today we received the sad news that Chalmers Johnson, America’s greatest Japan scholar, has passed on. Although late in life he achieved considerable fame for his critique of … Continue reading
Posted in American decline, China, History, Japan, Trade
Tagged chalmers johnson, death, japan scholars, miti and the iapanese miracle, nemesis, niagara
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Evening in America
I have been reading two new books on trade (this review was first published in the December 2010 issue of the American Conservative). The Betrayal of American Prosperity: Free Market Delusions, America’s Decline, and How We Must Compete in the … Continue reading
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
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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Finance: A cuckoo in the economy’s nest
Much of my September 1999 book In Praise of Hard Industries was quickly vindicated when America’s New Economy boom collapsed in 2000. But until recently my baleful analysis of the growth in financial services — “the economics of the cancer … Continue reading
Posted in American decline, Global economy, Service economy
Tagged black monday, david dreman, edward wyatt, f.i.a.s.c.o., financialism, front-running, george soros, invisible foot, james glassman, john bogle, john tagliabue, kemper, michael lewis, mit commission on industrial productivity, partnoy, paul gigot, steven kaye, stop-loss, vanguard, wall street
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Boeing, Boeing,….Gone: An article revisited
In a cover story in the American Conservative in January 2005, I documented the remarkable degree to which East Asian governments have been persuading the Boeing corporation to transfer proprietary American aerospace technology. Soon afterwards Unsustainable.org crashed and it was … Continue reading
Posted in American decline, Global economy, Japan, Manufacturing, Trade
Tagged 787, Airbus, alan macpherson, b-47, boeing, dassault, david pritchard, harry stonecipher, hollowing out, louis uchitelle, mcdonnell douglas, open kimono, outsourcing, pat choate, r&d management, seattle, sphere of influence, thornton wilson
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A heated banker and a hurt professor
Now that the American economy has been revealed to everyone (not just to readers of my books) as a house of cards, I thought it might be safe to suggest that things in 1990s Japan weren’t all that bad. Two … Continue reading
Posted in American decline, Global economy, Japan, Manufacturing, Press, Trade
Tagged alexander kinmont, bill emmott, dan thomas, danforth thomas, dead fukuzawa society, debate, gillian tett, gregory clark, jesper koll, kenneth courtis, michael porter, minoru makihara, peter hartcher, peter tasker, richard katz, robert feldman, tiananmen massacre
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Finance is too important to be left to Wall Street’s self-interest
Getting the American economy back on solid ground will require new financial regulations. Goldman Sachs alums aren’t the people for the job. [As published in the American Conservative on October 20, 2008.] As bewildered Americans survey the wreckage of their … Continue reading
Posted in American decline, Global economy, Service economy
Tagged bail-out, bailout, blankfein, dean baker, donna edwards, eliot spitzer, fdic, glass-steagall, gretchen morgenson, john kay, john shadegg, marcy kaptur, neel kashkari, pat choate, paul craig roberts, paulson, peter defazio, predatory lending, tsinghua, wall street, william isaac, zero-accountability
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The Clark-Fingleton discussion
Below, set out in chronological order, is a series of three exchanges between Professor Gregory Clark and me concerning, among other things, the problems for foreign correspondents in reporting the truth from Japan. Clark, a Japan-based educator and columnist for … Continue reading
Posted in American decline, Global economy, History, Japan, Press, Sino-Japanese relations
Tagged catherine makino, chatham house, courtis, feldman, gillian tett, gregory clark, hallett abend, jesper koll, kinmont, koki hirota, malcolm kennedy, peter o'connor, Sino-Japanese relations, taid o'conroy, takeo tamiya, tasker, vidkun quisling
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Japan then, America now: A misleading comparison
America’s economic crisis today is not like Japan’s in the 1990s. It is far worse. (This article was first published in the Number 1 Shimbun, the magazine of the Foreign Correspondents’ Club of Japan.) American commentators have been rushing to … Continue reading
Posted in American decline, Global economy, Japan, Manufacturing, Press, Trade
Tagged "bad news" public relations, 787, basket case, can japan compete?, carbon fiber, crash, euromoney, fccj, karen elliott house, mitsubishi, nidec, ohga, okuda, osaka, ottoman, paul krugman, skyscrapers, suzy menkes, titanium, toyota, toyota lexus, wings
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