[trompetenaccoun]

The Japanese market crashed precisely because of excessive government intervention, not a lack thereof. It was heavily manipulated by Japan's own central bank, which worked well initially, but they were eventually pressured into liberalizing by the US and it went downhill from there. Sure, one could argue they should have doubled down and they probably could have kept it going for another decade or two. Eventually though these systems always collapse, planned economies do not work. Look into the term "window guidance" to learn more about what they were doing.

The US isn't doing anything on the scale Japan was doing but it's still less of a free market than it used to be. Keep in mind also that the US doesn't exist in empty space, the factories where American products are made are located in places like China and there are heavy financial links to this country that follows the exact strategy Japan had, with even more centralization and state ownership actually. This is also part of the US economy now, you can't just ignore that. It's a risk for the US economy, even some of the elites that heavily invested admit this now. Take Soros as a very late example.