No way this is comparable to Japan. It amounts to adding apples and oranges. The differences outweigh the similarities.
China is not Japan, just as Iran is not Afghanistan, Iraq, Syria, or Libya. There's a big difference in opening a can of worms and opening Pandora's box.
The result so far has been to drive China and Russia closer together, which is a strategic nightmare for the US since this is the only existential military threat the US faces. That was a strategic blunder that Henry Kissinger had warned Trump against.
Trump's Feud With China Is A Carbon Copy Of Reagan's Trade War With Japan: Is A New Plaza Accord Imminent?
Tyler Durden
1 comment:
The Tories in Britain embraced the Japanese. They said their goods were better, and indeed most were. They allowed the Japanese to bring their car plants over where they found the British workers to be very good. I couldn't understand why the Conservatives embraced foreign competition so much, but years later i found out Japan was a vassal state of the U.S. and the British aristocracy had invested much in the country.
Fed up with the higher standard of living the British people were getting affecting profits, they moved the manufacturing to Japan. Perhaps the unions had gone too far, but the elite found a way of getting cheap labour again. Unlike Japan, China is not a colony of the West.
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