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But that relationship is a one-way street: If China goes tits-up, it's Bad News for Japan. If Japan goes tits-up, it's only moderately inconvenient for China.

And it is trivially easy to come up with scenarios in which China pulls through while Japan thirdworldizes. The easiest way would be for Japan to spend the next thirty years pursuing a full Thatcherist lobotomy of its industrial culture.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Aug 23rd, 2011 at 06:28:03 PM EST
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