The Myth of Japanese Economic Nationalism
Bill Totten is an American born USC grad who
runs a business in Japan, where he lives, has married, and
raised a family. His mind has been greatly stimulated by rubbing
two cultures together, not to mention rubbing together business
leadership with a social conscience. His statement ... is so
cogent, I thought you would find it useful and challenging, as I
Prime Minister Hashimoto is either a scoundrel or a fool. I'm not
sure which; maybe both.
When Japan's economy was booming in the 1950s, 60s and 70s,
Japan's leaders had the following philosphy:
1. The PURPOSE or GOAL of a society is the happiness of
its members; the purpose of goal of Japan then was the happiness of
2. Companies have two roles in society: (1) To provide products and
services that contribute to citizens' happiness, and (2) To provide
jobs so citizens could pay for those products and services.
3. Profit should NOT be a company's goal. Not even one of its
goals! A company should only make enough profit to continue as a
viable business; that is, to cover the R&D and plant &
facility investments it needs to stay viable. If a company has a
chance to make more profits than that, it should refrain from making
them and, instead, either sell its products and services at lower
prices, provide higher wages and benefits to its employees, or both.
That was the philosophy that made Japan Number 1, the philosophy
of the Japanese Miracle, the philosophy that created the greatest
economic growth (and social gains) in the history of this planet.
Most of those Japanese leaders, who received Confucian educations
prior to 1945, had retired by around 1980 and were succeeded by
people educated in the system imposed by General Douglas MacArthur's
Occupation after 1945. They have destroyed Japan's Miracle, and are
ruining Japan's economy, with the same philosophy that has knocked
the United States from its economic and social pinnacle down to
1. Economic Darwinism (free competition): Society is a
jungle where the strong have the right to take what they can from
the weak. Government regulations hindering this should be relaxed or
2. The role of companies is to make as much profit as possible as
fast as possible. The main techniques are: (1) Advertise heavily to
dupe citizens into excessive consumption and spending, and (2) Treat
employees like coal, oil and other resources; get the maximum
production from the lowest possible expenditure on resources; if
your fellow citizens are too expensive, take your factories to
places where you can hire cheaper human resources.
3. If speculating on stocks and bonds is a faster way to make big
profits than researching and developing new products, then gamble
your R&D budget on stocks and bonds. If speculating in land is a
faster way to make big profits than increasing the productivity of
workers, then gamble your plant & facility budget on land.
4. Use your profits to buy politicans who will reduce your taxes --
reduce progressive taxes on high incomes; reduce corporate income
taxes; create loopholes and tax breaks available only to rich people
and large corporations who can afford expensive lawyers and
accountants; reduce taxes on inheritances, land speculation, stock
and bond speculation; and so on.
5. When this creates huge government deficits, do the following:
(1) Make more money by loaning (at interest) the money the
government needs to cover the deficits it created by reducing your
taxes; (2) Brainwash the citizenry into 'privatization' of society's
assets -- such as railroads, telephone companies, NASA. These, of
course, became valuable because they were built with everyone's tax
money and protected my government monopolies. But when they're
privatized (sold off) only rich people and rich corporations can
afford them. (3) Hector the government into reducing the deficits
(resulting from cutting your taxes) remaining after 'privatization'
by cutting services to the average citizen -- that is, cutting
spending on health, education, welfare and similar services. (4) Get
the government to raise excise, social security, and other taxes
that fall mostly on citizens who earn most of their incomes from
working and must spend most of those incomes on consumption.
6. Use your advertising clout with Business Week, Fortune, The New
York Times, The Wall Street Journal, CBS, NBC, ABC, CNN and other
media that get most of their revenues and profits from advertising
to brainwash the general public into submitting docilely to this
rape and plunder; if possible, convince them that it's in their own
Japan's MacArthur-educated colonials have used this philosophy
since about 1980 to plunder Japan's economy. Hashimoto's current
plans are just the current installment of this continuing trajedy.
Hope this answers your questions.