In4ser
Junior Member
The bigger question American should should be asking can the US avoid ? The answer is probably no.Can China avoid Japan's Lost Decades? Bloomberg says yes in the end.
My own take is that rule #1 to avoid Japan's Lost Decades is to never allow America to dictate your economy. No Plaza Accords, don't blindly learn MBA from America, and don't ever trust America.
Still, Japan's Lost Decades is the mild end of the spectrum. If you fully embrace America without question, your nation could outright collapse like the Soviet Union.