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This has amazing parallels to the panic over the Japanese manufacturing and management methods of the 1980s. Everyone was terrified that Japan would take over t
by kstenerud 8y ago
This has amazing parallels to the panic over the Japanese manufacturing and management methods of the 1980s. Everyone was terrified that Japan would take over the world economically, and everyone would be working for Japanese companies soon if we didn't adopt their ways of doing things.
Hell, it even made it into Back to the Future: https://www.youtube.com/watch?v=JlUgBDgH1po https://www.youtube.com/watch?v=JlUgBDgH1po
Seriously, this is what America was terrified of.
- browsercoin 8y agothen IMF and World Bank popped Japan's credit bubble. Same shit happening to China but because of their authoritarian rule, they will let it go to shit before they lose control. there's already social unrest happening as China is getting its ass beat in the trade war
- jpatokal 8y agoBingo. Japan also was (and is) infamous for long working hours, but turns out that just hides a lot of inefficiency.
- refurb 8y agoI can remember watching new reports of people smashing up Japanese electronics in front of the White House. And people were really concerned about all the US property being bought up by the Japanese. It was the beginning of America's decline everyone thought. It didn't turn out that way at all.
- SketchySeaBeast 8y agoI.. uh.. congratulations on the pregnancy?