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 ^^^^ CB: Maybe. Here's the paragraph. It seems to say the economic stagnation "had more to do" with "inept government responses" rather than to do with what ? Inherent flaws. Inherent flaws in what ? Inherent flaws in a free enterprise system without government interference, seems to be what is suggested. Or do you think they mean "if only the government responses had been _skillful_ intervention , there would not have been stagnation ? "The prolonged economic stagnation had less to do with inherent flaws in the Japanese system than with inept governmental responses to the 1989 stock-market crash and subsequent banking crisis. " 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. >> >
