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>In the late 1980s, they feared that Japan was going to economically overtake the United States, yet the crony capitalism, speculative madness, and political co
by batista 14y ago
>In the late 1980s, they feared that Japan was going to economically overtake the United States, yet the crony capitalism, speculative madness, and political corruption evident throughout the 1980s led to the collapse of the Japanese economy in 1991.
Crony capitalism, speculative madness, and political corruption? Yes, those things are not prevalent in the US at all... cough dot com bubble, Haliburton, housing bubble, Bush and co, Enron, trillion dollar bailout cough
- batgaijin 14y agoI've always been curious about the debt of the Japanese government... http://www.independent.co.uk/news/business/japans-crime-incorporated-the-years-of-the-bubble-economy-lured-japans-yakuza-gangs-to-muscle-into-big-business-terry-mccarthy-in-tokyo-explores-their-corporate-web-1479105.html http://www.independent.co.uk/news/business/japans-crime-inco... http://www.independent.co.uk/news/world/yakuza-settle-bad-debts-with-a-bullet-as-japan-bubble-bursts-1317210.html http://www.independent.co.uk/news/world/yakuza-settle-bad-de...
- VMG 14y agoYou're not refuting the argument. (http://en.wikipedia.org/wiki/Tu_quoque http://en.wikipedia.org/wiki/Tu_quoque)