William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
From golden shares to clown-show trade deals, Washington embraces state capitalism


Traditional Russian wooden dolls depicting China's President Xi Jinping and U.S. President Donald Trump are on display in a souvenir shop in St. Petersburg, Russia, on Nov. 21, 2024 © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."