12:53AM
How Japan friends China

OP-ED: Japan must shake off US-style globalization, By Yukio Hatoyama, Christian Science Monitor, August 19, 2009
An interesting indication of how Japan, with its soon-to-be-new-ruling-party, will talk itself into turning toward China versus the U.S.--a natural choice.
The joke is, of course, that Japan never trusted markets and barely used them. Ditto with democracy.
But again, a natural and necessary turn, so get used to it and ignore the rationales. The great Asian integration process--long delayed--is beginning to pick up speed.
Reader Comments (5)
Sounds more like the John Birch Society than a Social Democrat!
But then the internationalist comes through...
"Establishing a common Asian currency will likely take more than 10 years. For such a single currency to bring about political integration will surely take longer still."
I just get annoyed how people will not admit that true economic liberalization leads to freedom...no! they must be different and criticize the elephant in the room, and then support it through different words!
Many Western political economists seem to have a faith in the supremacy of an open market global economy. Others want to understand it, but see it as a tool they must evaluate to see if it fits their particular problem, or opportunity situations.