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> The first half was dominated by two world wars that flattened everything [in Europe]. What about Japan's rise from a bombed out, defeated nation to a G7 econ
by ThrowawayR2 8y ago
> The first half was dominated by two world wars that flattened everything [in Europe].
What about Japan's rise from a bombed out, defeated nation to a G7 economic power and world leader in electronics and automotives in the same time period?
- repolfx 8y agoGood question. I suspect it's like Germany and precision machinery/automotives. Japan lost comprehensively enough to destroy any notion that their government was good, and had a huge US involvement in the rebuild. IOW they were rebuilt along US lines and, like Germany, benefited from the "loser's victory" in which they avoided a sharp turn towards big government. During the same era the UK lost its own car manufacturing industry, with aggressive unions and general industrial malaise being the prime culprits.