[ijidak]

Ha! Do you remember the panic induced by a rising Japan in the late 80's and early 90's.

The fear of the "Red Sun Rising".

The fear that Japan was going to own most of the valuable real estate in America.

The forcing of Japanese car companies to onshore to protect American jobs.

Blaming of Japanese industrial policy as being unfair competition.

It was the collapse of the Japanese growth engine in the mid 90's that finally ended the American panic.

The U.S. and U.K. are a dual world power.

Whenever powers rise to threaten that duality there is a lot of hand-wringing in Washington.

[lmz]

> The U.S. and U.K. are a dual world power.

Wait, how did the UK get in there? Especially in this post-brexit century...

[roca]

I remember those years pretty well. There was a lot of hand-wringing but not a lot of concrete action, very much unlike the situation with China now.