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Whilst your comparison is problematic on the grounds that Cuba suffered from decades of economic sanctions, it still manages to do better than similar nearby ec

Whilst your comparison is problematic on the grounds that Cuba suffered from decades of economic sanctions, it still manages to do better than similar nearby economies, Haiti, Jamaica, etc. The point I was making was that the person I was replying to was claiming that Japan's economic prosperity was due to it have a "free market" which it does not (unless you count socialism for the companies as "freedom").

awesome_dude 4y ago
One other thing that should be noted about the Japanese "miracle" is the fact that, at a crucial point in time, their manufacturing got a huge cash shot from the USA, due to a need for vehicles for the Korean War.
- WalterBright 4y ago
  The USA has given huge cash shots to many countries, and no miracle resulted. Afghanistan, for a recent example. All that foreign aid money, which does not produce any visible results.
  - arethuza 4y ago
    All that money probably had very visible results in places like Dubai?
- deleted 4y ago
  [deleted]
WalterBright 4y ago
> suffered from decades of economic sanctions Protecting an economy is the same thing as economic sanctions. You can't claim that one results in prosperity while the other explains economic malaise. > which it does not It certainly does. It wasn't a perfect free market, though, as nothing human is perfect. But it was close enough to do the job. BTW, I wrote that it was a free market.
- awesome_dude 4y ago
  >> suffered from decades of economic sanctions > Protecting an economy is the same thing as economic sanctions. You can't claim that one results in prosperity while the other explains economic malaise. Uh, no. Hard no. > BTW, I wrote that it was a free market. Yes, I realised it after I posted, but did not care to update what other people can see for themselves.
  - WalterBright 4y ago
    Embargo - hitting the other guy's foot with a hammer Protectionism - hitting your own foot with a hammer
    - arethuza 4y ago
      Brexit - swinging at your foot with a hammer and hitting your head.
    - dopidopHN 4y ago
      How do you understand US subsidies on EV, only applying to US manufacturers?

awesome_dude 4y ago

One other thing that should be noted about the Japanese "miracle" is the fact that, at a crucial point in time, their manufacturing got a huge cash shot from the USA, due to a need for vehicles for the Korean War.

WalterBright 4y ago
The USA has given huge cash shots to many countries, and no miracle resulted. Afghanistan, for a recent example. All that foreign aid money, which does not produce any visible results.
- arethuza 4y ago
  All that money probably had very visible results in places like Dubai?
deleted 4y ago
[deleted]

WalterBright 4y ago

> suffered from decades of economic sanctions Protecting an economy is the same thing as economic sanctions. You can't claim that one results in prosperity while the other explains economic malaise. > which it does not It certainly does. It wasn't a perfect free market, though, as nothing human is perfect. But it was close enough to do the job. BTW, I wrote that it was a free market.

awesome_dude 4y ago
>> suffered from decades of economic sanctions > Protecting an economy is the same thing as economic sanctions. You can't claim that one results in prosperity while the other explains economic malaise. Uh, no. Hard no. > BTW, I wrote that it was a free market. Yes, I realised it after I posted, but did not care to update what other people can see for themselves.
- WalterBright 4y ago
  Embargo - hitting the other guy's foot with a hammer Protectionism - hitting your own foot with a hammer
  - arethuza 4y ago
    Brexit - swinging at your foot with a hammer and hitting your head.
  - dopidopHN 4y ago
    How do you understand US subsidies on EV, only applying to US manufacturers?