Abstract
Economic miracles (Germany, Japan, Korea) come to sudden ends with monotonous regularity. But crisis seems often not to result in collapse. Instead, it is followed by long periods of muddling through. Japan is now in just such a period, and how—or whether—this key capitalist economy comes out of it may tell us a great deal about the future of capitalism in general.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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