7 ms·
>Japan's recent Stagflation has plenty of obvious internal causes. Blaming the west for that is some weird cope. I don't think it extends so far since it's the
by modo_mario 3y ago
>Japan's recent Stagflation has plenty of obvious internal causes. Blaming the west for that is some weird cope.
I don't think it extends so far since it's the 80's but I can see why one would blame the US there.
Around this time Japan was forced to do technology transfers to the US, to have minimum marketshare in japan for US cars and semiconductors, to have unfavorable monetary policy.
That smells equivalent to being a vassal at gunpoint.
Of course European countries helped pressuring and it being the cold war japan did not have much developed (or allowed alternatives) for it's export based economy even if it did have an army, more independence and a more varied political landscape.
- aylmao 3y agoI'm from Mexico. Given the landscape with energy worldwide, the current president has been overhauling the energy sector to keep foreign influence low. It makes sense in the current geopolitical climate, which really shook the energy market worldwide. I mean, France straight-up nationalized Electricite de France for example [1]. The USA is not happy about this [2]. Understandably, this affects American companies' business in the country. The USA is happy do take action in defense of its national security and its national industries, but fights back when other countries do the same. [1]: https://www.neimagazine.com/news/newsfrench-government-wins-court-approval-for-edf-nationalisation-10830185#:~:text=In%202022%2C%20President%20Emmanuel%20Macron,government%20cap%20on%20electricity%20prices https://www.neimagazine.com/news/newsfrench-government-wins-.... [2]: https://www.aljazeera.com/news/2023/1/6/whats-behind-the-energy-spat-between-the-us-canada-and-mexico https://www.aljazeera.com/news/2023/1/6/whats-behind-the-ene...