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The Forum > Article Comments > Will three arrows find their target? > Comments

Will three arrows find their target? : Comments

By Andrew Leigh, published 6/6/2013

Japan’s nascent recovery could still go awry, as the recent downtick in the Nikkei has reminded us.

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The Japanese miraculous post war economic recovery, was a product of social credit, cradle to grave cooperative capitalism and Keynesian economics, that was later undone by extreme capitalism, (Thatcherism, Reganism, Howardism) greed is good individualism, and it handmaiden, mindless corporate greed and stolen debt (derivatives).
i.e., Profit graphs that have to always grow along with the often hugely overvalued over-leveraged corporate empire!
As for the recovery?
Well as long as we have around 64 trillions of unowned debt, circulating through many economies, this and any other recovery remains extremely fragile and at interminable risk for at least a decade or more.
The Japanese, of all people have a highly successful post war model, of how to, create a recovery!
The mystery remains, why they have yet to implement it!?
Ideological constipation perhaps?
Rhrosty.
Posted by Rhrosty, Thursday, 6 June 2013 12:00:00 PM
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By their fruits shall ye know them. The arrogance and ignorance of professional politicians and third rate economics professors is almost beyond belief. This authority on the Japanese economy is the same "expert" who gave one billion of hard earned tax payers money to Ford- even blind Freddy could see the folly.
Posted by Leslie, Thursday, 6 June 2013 1:34:20 PM
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