4 ms·
> As for Japan, the US occupation was advised by leftist professors, who deemed that big business was bad and small business was good What are your sources on
by regentbowerbird 2y ago
> As for Japan, the US occupation was advised by leftist professors, who deemed that big business was bad and small business was good
What are your sources on this? The US occupation was led by Douglas MacArthur, who was about as far from a "leftist professor" as possible.
> When it was changed to allow big business to operate again, Japan became a huge economic success story.
I'm no expert, but the more common narrative is the Korean war was a stimulant for the Japanese economy.
- WalterBright 2y ago> What are your sources on this? My father, who was part of the military occupation force in Japan. He also was a professional historian and economist. The economy remained flat until big business was allowed to resume operation. > I'm no expert, but the more common narrative is the Korean war was a stimulant for the Japanese economy. People can't stand the idea that the free market works. :-/