Wayne McDermott wrote:

I would suggest you browse your local 2nd hand bookshop for any of the
plethora of books published in the 80s dealing the the "Japanese
miracle". They were all full of doom and gloom stories about how the
japs were going to own the US and Australia. It never happened.
Simplistic extrapolations never pan out.

Numbers win in the long run. Compare our population with
that of China or India. Japan has a smaller population than
ours which gives them a disadvantage compared to China or
India.

Regarding those Japanese, keep an eye on automobile sales
over the next few years and see just how badly they do
compared to us. GM is on the ropes, as is Ford. It is only a
matter of time.

The US industrial base (particularly involving consumer
goods) is disappearing, and without that we will be a second
(or third) rate power in a few decades.

Howard Ferstler