1. In Japan, the history of the 1970s is often boiled down to these
key events: Nixon Shock (that is actually shocks, i.e., currency, 10%
tariffs on goods from Japan, and China), first oil shock, second oil
shock.

2. About the Vietnam syndrome. Much misunderstood. It actually boils
down to: war with draft vs. war (indeed wars) without draft.


For the military leadership getting over the Vietnam syndrome was
about finding faith in all the high tech weapons they had stockpiled
under Reagan. As it turned out, a lot of them didn't work. But they
were able to sell the public on the idea that they did, thus
justifying the huge budgets spent, to be spent, they are spending etc.

CJ

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