Europe

This is an op-ed—meaning it is the author's personal view—from The New York Times.

For nearly the last two decades, Japan has been held up as a cautionary tale, an object lesson on how not to run an advanced economy. After all, the island nation is the rising superpower that stumbled. And Western economists were scathing in their criticisms of Japanese policy.

In January 1990, Japan's stock market crashed. Property values fell 87%. The Bank of Japan lowered the interest rate from 6 percent to 0.5 percent by 1995, but it didn't revive the economy

These days, I often find myself thinking that we ought to apologize.

On one of the busiest online shopping days of the year, Black Friday, thousands of Amazon employees decided it was also a good day to walk off the job. Warehouse workers in several distribution centers in Germany and Italy took the day off to demand higher wages and better treatment. ​

In addition to asking for a pay raise, the German union Ver.di says Amazon needs to vastly improve the “work culture” and stop pushing employees too hard. The Italian Amazon workers that participated in the Black Friday strike said they want “dignified salaries” more in line with their jobs. They gathered outside one distribution center located in Piacenza.