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Sandcastle Empire

Eamonn Fingleton's commentaries on the politics and economics of American decline

 
 
  • About Eamonn Fingleton
  • Thirty years of prescience
  • Books
    • In the Jaws of the Dragon
    • In Praise of Hard Industries
    • Blindside
  • Excerpt from In the Jaws of the Dragon
  • Contact
  • Wikipedia and Truth: One Author’s Experience

Category Archives: American decline

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Chalmers Johnson: The passing of a true scholar

Sandcastle Empire Posted on November 21, 2010 by Eamonn FingletonDecember 20, 2010

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

Evening in America

Sandcastle Empire Posted on October 30, 2010 by Eamonn FingletonDecember 1, 2010

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 →

Posted in American decline, Book reviews, Global economy, History, Trade | Tagged american decline, herbert stein, north american free trade agreement, pat choate, paul craig roberts, prestowitz, ralph gomory, world trade organization

Germany: The big engine that could

Sandcastle Empire Posted on March 8, 2010 by Eamonn FingletonNovember 22, 2010

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 →

Posted in American decline, Global economy, Manufacturing, Trade | Tagged adam posen, german economy, herrigel, jude blanchette, larry elliott, the american prospect

I told you so (cont’d)

Sandcastle Empire Posted on April 4, 2009 by Eamonn FingletonNovember 22, 2010

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

Finance: A cuckoo in the economy’s nest

Sandcastle Empire Posted on November 28, 2008 by Eamonn FingletonNovember 20, 2010

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

Boeing, Boeing,….Gone: An article revisited

Sandcastle Empire Posted on November 24, 2008 by Eamonn FingletonMarch 22, 2011

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

A heated banker and a hurt professor

Sandcastle Empire Posted on November 3, 2008 by Eamonn FingletonNovember 19, 2010

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

Finance is too important to be left to Wall Street’s self-interest

Sandcastle Empire Posted on October 20, 2008 by Eamonn FingletonNovember 19, 2010

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

The Clark-Fingleton discussion

Sandcastle Empire Posted on September 21, 2008 by Eamonn FingletonNovember 19, 2010

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

Japan then, America now: A misleading comparison

Sandcastle Empire Posted on September 2, 2008 by Eamonn FingletonNovember 19, 2010

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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Recent Posts

  • Free Trade Fiasco: The case against trade liberalization.
  • Protectionism Is (Almost) Mainstream
  • The East Asian miracle: a note
  • The Myth of Post-industrialism
  • America’s Shuttered Factories and the False Hope of Post-Industrialism

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Categories

  • American decline
  • Book reviews
  • China
  • Global economy
  • Great East Japan Earthquake
  • History
  • International Trade
  • Japan
  • Manufacturing
  • Press
  • Service economy
  • Sino-Japanese relations
  • Trade
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