In the Shadow of the Rising Sun

In the Shadow of the Rising Sun, Volume 1, William S. Dietrich examines the systemic reasons why the United States struggles to compete with Japan. This work of political science and comparative politics analyzes the institutional weaknesses of the American system, focusing on the tension between Jeffersonian individualism and Hamiltonian statism. Dietrich argues that the failure of American management and finance is rooted in the design of the Constitution, which hinders the creation of a cohesive national industrial policy.

This study of business, economics, and international relations explores the Japanese model of combining free markets with a strong central state. By analyzing trade, tariffs, and economic development, the author suggests that only fundamental institutional reform can prevent a Pax Nipponica. This history of the United States and its global standing provides a critical look at the requirements for regaining industrial preeminence in a modern technological age.