Mike's Reviews > Trading Places: How We Are Giving Our Future To Japan & How To Reclaim It

Trading Places by Clyde Prestowitz
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16 years later, with Japan's economy in the dumper and their economic prospects looking almost as bad as ours, you might be tempted to think that Prestowitz was misguided in some way when he wrote this in 1993. You'd be very wrong. If the US had taken the prescriptions that Prestowitz has been peddling for the past 25 years or so, we would absolutely not be in the mess we're in now.

We probably never will be able to implement any of Prestowitz's good ideas because they require long-term sustained direct government involvement in our country's more important business ventures and sustained investment in strategic economic directions that don't have immediate payoffs for investors (like education, for example), and that's never going to happen in this wacky 2-party pendulum system we have, especially when both parties are guided first and foremost by the short-term get-richer-quick demands of their shared constituencies.

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message 1: by Scott (new)

Scott Well said. Currently, the Capitalist US of A is not built to last. Sadly.
Your Comrade (jk!),

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