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Devolving? That's already what it is. It worked well for Japan and S. Korea to 'rebuild' after the wars, and it seems it took China just a little longer to get

Devolving? That's already what it is. It worked well for Japan and S. Korea to 'rebuild' after the wars, and it seems it took China just a little longer to get with the program. But each of Japan, S. Korea and China have had to forge their own path after the low-hanging fruit of 'reconstruction' are gotten. I would argue China is entering this phase. GDP growth is now officially 5% but probably a little bit lower, the same as US only 20 years ago. Clamping down hard on companies and wiping out their market caps. Severely controlling kids access to video games etc.. The 1990-2020 version of China's ascension is going to be a different phase than what we see going forward and the pandemic I think will effectively be the demarcation point.

jacknews 5y ago
Of course. But this seems to me to cement the situation. This 'aid' shoud be coming from government, paid for by properly taxing these crony corps, not by obvious direct coercion, etc.
bigbillheck 5y ago
> Severely controlling kids access to video games etc.. As I understand it, the games to which they're controlling access are basically gambling and designed to be addictive.
notthemessiah 5y ago
Getting with the program? You seem to have the idea this happened spontaneously, but it was nothing but: Japan and Germany's reconstruction and re-industrialization was by design, as part of the Bretton Woods system, Marshall Plan, and Truman Doctrine. Those countries were intended to be industrial hubs of Asia and Europe respectively: The US would invest in and build factories in those countries. > To encourage long-term adjustment, the United States promoted European and Japanese trade competitiveness. Policies for economic controls on the defeated former Axis countries were scrapped. Aid to Europe and Japan was designed to rebuild productivity and export capacity. In the long run it was expected that such European and Japanese recovery would benefit the United States by widening markets for U.S. exports, and providing locations for U.S. capital expansion. https://en.wikipedia.org/wiki/Bretton_Woods_system https://en.wikipedia.org/wiki/Bretton_Woods_system When Chinese becoming isolated after 1949, they couldn't become a market for Japanese goods, we instead geared Japanese manufacturing for the Korean War effort. The US occupiers of Japan created the centrally-planned Ministry of International Trade and Industry to help build the equipment the US needed for the Korean War effort. It was an astounding success, and provided Japan the boost it needed to become a global industrial power even as the US waned. If there's any phase China is entering, it's the New Dealer and Keynesian-dominated policies that were successful for the US after WWII, following Dengist liberalization of the economy. Except instead of investing in war, they're investing in infrastructure, and it's working.
- jollybean 5y ago
  The missing word in your thesis is 'Mao'. Or 'Communism'. While Western support of Japan and Korea was obviously relevant, China 'had access' to the entirety of the rest of Asia. 'Dengism' could have happened in 1950, in which case they would be further head. China has already been through the 'New Dealer and Keynesian-dominated policies' as you state, that was 1990 to 2020. We are past that. There is no roadmap for anyone at this point.

jacknews 5y ago

Of course. But this seems to me to cement the situation. This 'aid' shoud be coming from government, paid for by properly taxing these crony corps, not by obvious direct coercion, etc.

bigbillheck 5y ago

> Severely controlling kids access to video games etc.. As I understand it, the games to which they're controlling access are basically gambling and designed to be addictive.

notthemessiah 5y ago

Getting with the program? You seem to have the idea this happened spontaneously, but it was nothing but: Japan and Germany's reconstruction and re-industrialization was by design, as part of the Bretton Woods system, Marshall Plan, and Truman Doctrine. Those countries were intended to be industrial hubs of Asia and Europe respectively: The US would invest in and build factories in those countries. > To encourage long-term adjustment, the United States promoted European and Japanese trade competitiveness. Policies for economic controls on the defeated former Axis countries were scrapped. Aid to Europe and Japan was designed to rebuild productivity and export capacity. In the long run it was expected that such European and Japanese recovery would benefit the United States by widening markets for U.S. exports, and providing locations for U.S. capital expansion. https://en.wikipedia.org/wiki/Bretton_Woods_system https://en.wikipedia.org/wiki/Bretton_Woods_system When Chinese becoming isolated after 1949, they couldn't become a market for Japanese goods, we instead geared Japanese manufacturing for the Korean War effort. The US occupiers of Japan created the centrally-planned Ministry of International Trade and Industry to help build the equipment the US needed for the Korean War effort. It was an astounding success, and provided Japan the boost it needed to become a global industrial power even as the US waned. If there's any phase China is entering, it's the New Dealer and Keynesian-dominated policies that were successful for the US after WWII, following Dengist liberalization of the economy. Except instead of investing in war, they're investing in infrastructure, and it's working.

jollybean 5y ago
The missing word in your thesis is 'Mao'. Or 'Communism'. While Western support of Japan and Korea was obviously relevant, China 'had access' to the entirety of the rest of Asia. 'Dengism' could have happened in 1950, in which case they would be further head. China has already been through the 'New Dealer and Keynesian-dominated policies' as you state, that was 1990 to 2020. We are past that. There is no roadmap for anyone at this point.