Remember back twenty or so years ago how the Japanese were going to overtake
the world and in particular the United States? This editorial
cartoon was one I just couldn’t help but do! Of course, the
Nikkei – after hitting an all-time high of 38,957.44
on 29 December 1989 – dropped to 7054.98
by 10 March 2009, and that was a loss
of 31,902.46 points, or 81.89%?
(And yesterday, 23 January 2012, closed
at 8,785.33.) So much for a world panic!
Now, I’m not suggesting the same will happen
with the Chinese economy, but this ‘old’ cartoon strikes
me as not entirely without contemporary relevance regarding today’s
fears in the West that very shortly the East will once more take over the world.