as in the 1930s, protectionism is an expression of a profound skepticism as to the ability of the market to distribute resources and incomes to societies’ satisfaction." It is precisely this profound skepticism of the market economy that is responsible...
Fuji Speedway brought the first Formula One race to Japan at the end of the 1976 season. The race had a dramatic World Championship battle between James Hunt and Niki Lauda, and in torrential rain, Hunt earned enough points to win the title. This battle between Lauda and Hunt was immortalis...
As a result, the Committee for the Establishment of a Domestic Automobile Industry was formed in May 1931 which drew up specifications for “Ministry of Commerce and Industry Standard Model Automobiles”, calling for the manufacture of medium-sized, 1.5-2 ton trucks and buses according to its sp...