Why I’m Not Teaching My Kids Mandarin

June 15, 2023

by Simon Black Sovereign Man

On Friday morning July 23, 1982, news broke around the world that a consortium of Japanese companies was acquiring Rouge Steel… which until that point had been a wholly-owned subsidiary of the Ford Motor Corporation.

It was unthinkable: the Japanese were buying up an American steel company??!?

But it was just one of the first of many, many more acquisitions to come. Within a few years, Japanese companies and investors had bought up large chunks of prime US real estate, major companies, and just about any US asset they could get their hands on.

Sony bought the iconic Columbia Pictures (which had recently released cinematic gems like Ghostbusters and The Karate Kid). Japan’s Bridgestone Corp. snapped up the legendary Firestone Tire & Rubber Co. Mitsubishi bought 51% of the world famous Rockefeller Center in New York City.