From: Mike Lorrey (mlorrey@datamann.com)
Date: Thu Dec 27 2001 - 12:21:36 MST
Spudboy100@aol.com wrote:
>
> This seems to have been historical fact, as the term is used. However, if you
> observe the Japanese economy over the last 11 years, their economic bubble
> has burst. So, do you sense that this is because of their united
> corporate-governement policies undertaken by the zaibatsu? Or was this
> caused by other factors, besides their protectionism, and economic "warfare"
> concept?
Japan has declined because it has exported even its manufacturing base.
Unemployment is at an all time high because the zaibatsu have shifted
large portions of their industrial base to China, and those jobs are not
coming back. Furthermore, the zaibatsu lost a large degree of liquidity
since the collapse of the US commercial real estate market and the
change in the exchange rate. They wrongly assumed that an acre in
Manhattan should be worth an acre in Tokyo, and that misperception bit
them in the end.
The trade protectionism of Japan does not protect Japanese consumers or
workers, it only protects the zaibatsu, who are the only people that
matter when it comes to picking a prime minister.
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