It looks like history is set to repeat itself shortly. It was three decades ago that Japan started to use the money that Americans had paid them for goods and spend it on buying up American assets.
Free trade and globalism then became popular and US companies started to build factories across the world and had goods produced for a cheaper rate overseas. This led to our country having a huge trade deficit and China was able to grow and surpass America in certain cases. Now China are doing what Japan did and are starting to take over industries and businesses on American soil.
What are your thoughts on this?