The Chinese are smarter than Japanese. They have a long history of being on top of the world economy. Japan has no such history. Japan had the emperor knows it all mind set. China's economic history:
Posted on 02/23/2013 6:41:19 PM PST by kanooga
After more than twenty years of economic troubles, Japan now appears to be entering a terminal phase. They are running out of options as they approach a total economic melt-down.
Since their recession began with the 1990 collapse of the Nikkei stock market, the Japanese government has tried to stimulate their economy with more government spending. Unfortunately, all they have to show for it is massive sovereign debt. The promised economic recovery never happened. They have become Exhibit A in the case against socialism, proving what free market economists have said all along, government spending cannot drive economic growth. That comes from the private sector.
The results in Japan should not come as a surprise. The same results have occurred wherever governments have tried to spend their way out of recession. The United States has made the same mistake repeatedly, including President Franklin Roosevelt’s New Deal in the 1930′s, President Johnson’s Great Society in the 1960′s, President Carter’s recession in the 1970′s, and President Obama’s failed stimulus program in 2009, which spent nearly a trillion dollars to get the slowest economic recovery in American history. The evidence is clear, government spending cannot drive economic growth. Progressive politicians, otherwise known as socialists and communists, don’t like to hear that, but that does not change the facts.
(Excerpt) Read more at z3news.com ...
Always has been.
Ping.
>>War is the answer.
Always has been.<<
Whom would they fight?
Japan is not in a class of Vietnam in terms of military capabilities, let alone other players in a region.
If government spending was the road to prosperity, Greece & Zimbabwe would be the most prosperous nations.
The government spending stimulates only consumption. That only stimulates the manufacturers of goods. If government has to borrow money to print checks for handouts, then it is much worse. Because there is no job growth and tax payers are stuck with the debt.
Federal Reserve is pumping money from the top via banks. That is the wrong end. It is like giving enema from the mouth instead of the anus. It creates a bloated patient who remains blocked.
So goes Japan, so goes the United States.
Give them a a 3- 5 year window and they would have the best Navy, one to rival even our own.
China’s a major candidate.
Ahh, I remember with CRYSTAL CLARITY in the 80s when EVERYBODY was terrified of Japan, because they had a PLAN!!!!! And they had MITI, and a gov/private sector partnership, and it wasn’t sloppy, crazy, wide-open capitalism, and they would RULE THE UNIVERSE by 1990.
Now, everybody says the EXACT SAME THING about the Chinese.
Since when have results mattered? Damn the torpedoes. Keep spending!
But, I remember BJ Clinton extolling the, “public/private partnership” that made Japan so successful...
Absolutely correct.
War economy = government controlled economy = prosperity.
War economy = everybody makes tanks = nobody makes Cadillacs = prosperity.
War economy = everybody works for the G = everybody has a job = the Soviet economy in the 1950s = prosperity.
See post 9....
Preach it brutha! Anyone remember Lester Thurow, MIT moron? He was wetting his pants over their industrial policy and government-funded analog HDTV. How did that work out? I actually saw him speak one time, surrounded later by his student groupies. He even had a leather jacket. All he was missing was the beret.
Now, everybody says the EXACT SAME THING about the Chinese.
I don't think it's quite the same. Yeah, the NYT lunkheads are drooling over China's industrial policy, which will fail like every other industrial policy. But I don't see the Chinese making the mistake of printing money to stimulate the economy.
and they are saying the same thing about emperor Obama.
I DO remember Lester... Missed the leather jacket thing, though.
Americans are ALWAYS terrified of some foreign gov’t controlled economy. In the 50s it was the Soviets. SAME THING! They didn’t have wild-ass, free-wheelin’ capitalism. No! They would win the Cold War and dominate the Earth, because they forced their best and brightest into making missiles or something. Our kids wanted to build carburetors and dums crap like that, so naturally we were doomed.
>>>Give them a a 3- 5 year window and they would have the best Navy, one to rival even our own.<<<
You might be either too optimistic on Japanese or too pessimistic (or know too much) on US naval development.
Japan is not in a position to remilitarize. There are too many old people, full of guilt (maybe it’s a wrong term considering japanese but it is something like that) for their past, who got used to a fact of constant foreign occupation and who see US military as their own military.
I know you can argue with me based on your knowledge of japanese nationalism, some of them hate all the above but they still recognize it as a fact of life.
There are not enough young people to waste in war, there are no other visual goals as well (oil, markets?? not).
The Chinese are smarter than Japanese. They have a long history of being on top of the world economy. Japan has no such history. Japan had the emperor knows it all mind set. China's economic history:
no, no, they just did it wrong. they didn’t throw enough money into it. we’re smarter, just let us try it here, we can make it work.... /every socialist, everywhere else
Hard to maintain a welfare state with no-one making babies. Mark Steyn called it.
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