"Back in the 1980s, Japan was portrayed as the greatest economic threat to the United States, and allegations of intellectual property theft were only part of Americans' vilification. Thirty years later, Americans have made China the villain, when, just like three decades ago, they should be looking squarely in the mirror."<p>“When governments permit counterfeiting or copying of American products, it is stealing our future, and it is no longer free trade.” So said US President Ronald Reagan, commenting on Japan after the Plaza Accord was concluded in September 1985.<p><a href="https://www.project-syndicate.org/commentary/for-america-china-is-the-new-japan-by-stephen-s-roach-2019-05" rel="nofollow">https://www.project-syndicate.org/commentary/for-america-chi...</a>