The Sky Is Rising!

I was pretty young at the time, so I may not be remembering this clearly, but wasn't there quite a bit of hand-wringing in the 1980s over insourcing ("The Japanese are buying up our country!")?

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Oh Noz

I remember, because in 1988 a Japanese corporation bought me from my parents. I was held to be a decent investment at the time, plus I've got narrow eyes, and so look a little Asian. Anyway, when I got my freshmen grades from my first term at Wake Forest, my corporate owners went belly-up, hence the Nikei self-correction of 2001.

Yes, and

Also, the Japanese were buying lots of public debt, and one day they were going to want their money back, and none of this green funny-money, neither, no sir. At the time, the Japanese were even saying that the US would be their farm and Europe would be their playground, or something to that effect.

Also, 100 years ago, small shop owners were upset at the rise of mail-order stores like Sears, Roebuck, and Co., because they were going to kill off the local, little guys and then drive prices up while unemployment soared.