Japan became America. Labor prices went up to ours, people grew to want their pensions just like us, the old are living longer just like us, they now want the

Japan became America. Labor prices went up to ours, people grew to want their pensions just like us, the old are living longer just like us, they now want the good things in life just like us. In the short time since World War II, they have grown to have that good life. And in that they have become more and more plagued with the same benefits and detractions that we've been enjoying. During the time they were rapidly advancing, they had the same abilities as us, but a different lifestyle. And they beat us. But what was the point of their growth? The point was to get to where we are. And now that they're the same as us, in the end, they'll just be the same as us. China's the same. One day all of China will be just like America. And then they won't be competitive. Until then, they'll eat our lunch because although they can do the same things as us, they just don't yet have our standard of living.