America first or America last?

Editorial. Contends that Americans are developing an inferiority complex about Japan that manifests itself in an `American first' call for protectionism. How our present complex compares to that we had about Britain at the turn of the century; Why America-first protectionists never work through to the logical end of their policies; How free-trade puts America first; An overall look at Japan's economic growth; The main cause of the Japanese export surplus.