Why was it like that?
It's on the tip of my tongue, uh, guys, what happened in the 40s, what was it?
That went swimmingly, of course.
Europe? It had practically bombed itself back to the Gilded Age.
China? Wouldn't be globally relevant for another 20 years.
The USSR? Trade embargoes against socialist countries shrank their market.
No, it's because that island has the world's 21st largest GDP and it opposes China.
China became an industrial and economic titan, although everyone knew that was going to happen. It also has basically no worker protections, so it's an attractive place for companies to outsource their labour to.
However unethical and immoral they were, the Kissinger generation were reasonably good geopoliticians, but they're all dying or retiring. The new generation doesn't understand why their predecessors did what they did, and doesn't care to learn.
You don't have to abide by minimum wage laws. You don't have to provide benefits. Their working conditions don't need to be safe.
Why spend all that money on those whiners when you can... not?
1. no local competition due to segregation and racism
2. no global competition due to the aftermath of colonialism and World War 2
3. some leverage over his employer
A competent leader might have navigated them, but Joffrey took the throne.
People have forgotten that America didn't win by divine right or honourable competition. It won by being the most ruthless, conniving, underhanded sonofabitch it could be.