Japan would go better if they stopped trying to copy American economic policies though. In fact, that goes double for the rest of the world.
Those that voted in evil didn’t just harm the US now and in the future. Chances are, they have condemned several tens of millions of people more in the world. But that doesn’t matter to people whose primary concern is shopping at the mall and having a fat bank balance.
Poor spambot, it doesn’t know the land of the rising sun has a public debt burden in excess of 250% of GDP.
Ymarsakar Says:
July 8th, 2013 at 7:16 pm
Japan would go better if they stopped trying to copy American economic policies though. In fact, that goes double for the rest of the world.
I thought it was we who are copying their economic policies. Haven’t they been doing something like QE for 20 years?
That’s the best news I’ve heard from Japan in thirty-years.
blert,
“That’s the best news I’ve heard from Japan in thirty-years.”
A flying DeLorean! I haven’t seen one of those in… thirty years.
🙂
It figures… Back To The Future II was made in 1989, when Japan was still a commercial powerhouse. Japanese style can be seen everywhere in the imagined year 2015 of BTTF II, and Marty McFly works for a Japanese employer (“Mockfry! I was monitoring that scan you interfaced!” Eerily prescient that.) The conventional wisdom in 1989 was that Japan would become so powerful economically as to be able to buy American businesses by the boatload.
Just a few years later, Japan’s status as the economic Godzilla dissipated in the face of a crisis still at hand. So much for extrapolation.
Everybody’s hedging their bets on the world powers to be. There’s little chance the current predictions will fare any better than those of the second BTTF movie. Because almost everything today sports a “Made in China” label, a lot of people say the future belongs to China. But there’s no guarantee China’s rising star will shine more than Japan’s did.
As well, the thinking of professional analysts (for what it’s worth–not much) and private onlookers alike tends to be fixated on material causes and effects. From my point of view as an Orthodox Jewish believer, those are only the outer manifestations masking the true factor of history: God’s blessing according as mankind does His will. I see a straight line between the Romans’ wiping out of human sacrifice everywhere they conquered and the durability of their empire despite the corruption of their rule; and between Roe v. Wade and the current depredations suffered by the United States of America 40 years later.
Russia and China might get powerful and even last as economic powerhouses for some time, but will they be blessed as beacons of good society that all people look to, the way America was in the 1950s? I don’t think so. They’re worse than America with regard to infanticide and other such matters; God may raise them for His ultimate purposes, but I don’t see them matching the glory of Eisenhower’s America. On the other hand, I have my eye where people tend to overlook: On Bible-believing Africa, where a cardinal recently repudiated the same-sex agenda with strong and fitting words: “Those people who have already ruined their society, let them not become our teachers to tell us where to go,” “Those who believe in other things, that is their business–we believe in God. This nation, the nation of Kenya is sovereign and God-fearing.” If they hold on in so blessing God, they will be blessed.
Hmmmm… on most blogs, spam disrupts the discussion, while here it generates discussion. That speaks much about the capability of our blog hostess.
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Japan would go better if they stopped trying to copy American economic policies though. In fact, that goes double for the rest of the world.
Those that voted in evil didn’t just harm the US now and in the future. Chances are, they have condemned several tens of millions of people more in the world. But that doesn’t matter to people whose primary concern is shopping at the mall and having a fat bank balance.
Poor spambot, it doesn’t know the land of the rising sun has a public debt burden in excess of 250% of GDP.
Ymarsakar Says:
July 8th, 2013 at 7:16 pm
I thought it was we who are copying their economic policies. Haven’t they been doing something like QE for 20 years?
That’s the best news I’ve heard from Japan in thirty-years.
blert,
“That’s the best news I’ve heard from Japan in thirty-years.”
A flying DeLorean! I haven’t seen one of those in… thirty years.
🙂
It figures… Back To The Future II was made in 1989, when Japan was still a commercial powerhouse. Japanese style can be seen everywhere in the imagined year 2015 of BTTF II, and Marty McFly works for a Japanese employer (“Mockfry! I was monitoring that scan you interfaced!” Eerily prescient that.) The conventional wisdom in 1989 was that Japan would become so powerful economically as to be able to buy American businesses by the boatload.
Just a few years later, Japan’s status as the economic Godzilla dissipated in the face of a crisis still at hand. So much for extrapolation.
Everybody’s hedging their bets on the world powers to be. There’s little chance the current predictions will fare any better than those of the second BTTF movie. Because almost everything today sports a “Made in China” label, a lot of people say the future belongs to China. But there’s no guarantee China’s rising star will shine more than Japan’s did.
As well, the thinking of professional analysts (for what it’s worth–not much) and private onlookers alike tends to be fixated on material causes and effects. From my point of view as an Orthodox Jewish believer, those are only the outer manifestations masking the true factor of history: God’s blessing according as mankind does His will. I see a straight line between the Romans’ wiping out of human sacrifice everywhere they conquered and the durability of their empire despite the corruption of their rule; and between Roe v. Wade and the current depredations suffered by the United States of America 40 years later.
Russia and China might get powerful and even last as economic powerhouses for some time, but will they be blessed as beacons of good society that all people look to, the way America was in the 1950s? I don’t think so. They’re worse than America with regard to infanticide and other such matters; God may raise them for His ultimate purposes, but I don’t see them matching the glory of Eisenhower’s America. On the other hand, I have my eye where people tend to overlook: On Bible-believing Africa, where a cardinal recently repudiated the same-sex agenda with strong and fitting words: “Those people who have already ruined their society, let them not become our teachers to tell us where to go,” “Those who believe in other things, that is their business–we believe in God. This nation, the nation of Kenya is sovereign and God-fearing.” If they hold on in so blessing God, they will be blessed.
Hmmmm… on most blogs, spam disrupts the discussion, while here it generates discussion. That speaks much about the capability of our blog hostess.