I agree with Walt. Charles you are misreading the piece. But yes, I
remember how the NYT was gloating at Japan's recession throughout the
1990s, with a I-told-you-so attitude.
cheers, a
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Anthony P. D'Costa, Professor
Comparative International Development
Abe Fellow (2005-06)
University of Washington
1900 Commerce Street
Tacoma, WA 98402, USA
Phone: (253) 692-4462
Fax : (253) 692-5718
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On Mon, 20 Mar 2006, Walt Byars wrote:
That seems to be the opposite of what the article was saying. Especially
because a few paragraphs down it defined the japanese "system" as being
more interventionist than others.
^^^^
CB; Oh sure, the market system would have given continuous, flawless
economic wonderfulness, if only there had been no outside interference. It
wasn't a flaw of the free enterprise system that the stock-market crashed.
