The Circular Debacle in Japan Thread: This Week - Sexism

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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by GaijinPunch »

neorichieb1971 wrote:So what if any justification does Japan give for its lack of progress on sexism? Do the women just accept it?
Japanese accept everything and there are problems with that.

Oh, and the pigs asked for my gaijin card last night as I was waiting for a friend (admittedly more in the street than the sidewalk). After a brief chat about the match. But I got to revel a bit that the US will proceed while Japan comes home.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Mortificator »

I don't want to minimize what happened to you, GP, because it's insulting and you should be pissed. Still, I think that being close to Japan's problems might be making the US's seem smaller than they are. You have to know that if you were in this country and had darker skin, being carded by police is not the worst thing you'd have to worry about.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Rob »

Looks like something skykid would come up with. An expert on every American and Japanese and person of the world in only 6 months.

I could/n't care less, though. Americans can/'t care less (about everything).
The difference is that Americans don’t live their lives by this continual acceptance of defeat and helplessness.
This guy doesn't think our uneducated poor folk are real Americans.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Mortificator »

Rob wrote:Looks like something skykid would come up with. An expert on every American and Japanese and person of the world in only 6 months.
How many roads must Skykid walk down
Before you will call him Skyman?
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by brentsg »

Mortificator wrote:
Rob wrote:Looks like something skykid would come up with. An expert on every American and Japanese and person of the world in only 6 months.
How many roads must Skykid walk down
Before you will call him Skyman?
If it hasn't happened yet, it's not going to happen.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Skykid »

Mortificator wrote: How many roads must Skykid walk down
Before you will call him Skyman?
Or Skyboy.

Don't mind Rob, sometimes he just likes being a cock for no particular reason. Probably thinks those comedy YouTube videos are forever, but nothing is forever, especially not when being compared to a badly-written blog post by some complete tool who has no clear point or comprehension of what it is he's supposedly studying.

Hi Rob, keep being an asshole! I'll do the same!
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by neorichieb1971 »

Thing is, this is just the internet. There is an education to be had from stirring up shit. I know I do it all the time. I had a history in the USA, I didn't like everything I saw. But I did like a lot. Its just that with everything in life we always concentrate on whats wrong. You never know, if you change whats wrong with a country, a lot of what is right goes with it as well.

We all know who the keyboard warriors are. Without them this forum wouldn't be half as interesting as it is. As long as no personal hate agenda is experienced then its all good as far as I am concerned.

Japan is a peaceful country.. Its clean, it has pride and values. Surely those qualities are above all else the most important? Its ranking status in the world of sexism is more important to us than them. Which goes to show you a lot about how our cultures are different. Let people be different if they want to be.. Don't persecute them.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Xyga »

Yeah thanks to the internet that made it easier, humanity focuses more than ever on the dark side of things.
Because it's so sweet. <3
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by rancor »

neorichieb1971 wrote: Japan is a peaceful country.. Its clean, it has pride and values. Surely those qualities are above all else the most important? Its ranking status in the world of sexism is more important to us than them. Which goes to show you a lot about how our cultures are different. Let people be different if they want to be.. Don't persecute them.
.. And the great thing is that you could replace "Japan" with almost any country and justify most anything!

Let's try again. This time with slavery:
neorichieb1971 wrote: U.A.E. is a peaceful country.. Its clean, it has pride and values. Surely those qualities are above all else the most important? Its ranking status in the world of immigrants kept in inhuman working conditions with no chance of escape is more important to us than them. Which goes to show you a lot about how our cultures are different. Let people be different if they want to be.. Don't persecute them.
Child-sex tourism:
neorichieb1971 wrote: Cambodia is a peaceful country.. Its clean, it has pride and values. Surely those qualities are above all else the most important? Its ranking status in the world of children used for sex and pornography is more important to us than them. Which goes to show you a lot about how our cultures are different. Let people be different if they want to be.. Don't persecute them.
Wheeeee!!! :roll:
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by NTSC-J »

neorichieb1971 wrote:Japan is a peaceful country.. Its clean, it has pride and values. Surely those qualities are above all else the most important? Its ranking status in the world of sexism is more important to us than them. Which goes to show you a lot about how our cultures are different. Let people be different if they want to be..
You're entering dangerous territory, man. Cleanliness is more important than basic human rights? Japanese women like being continuously disrespected and having no voice? Being conditioned to accept one's lot in life and learning how to repress your true feelings doesn't mean you "like" it.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Skykid »

Actually Cambodia is fucking filthy. And it wouldn't have child sex tourism if it weren't deathly poor and sick foreign bastards kept rolling in looking to get a blowie from a five year old. I hear many are Japanese, as an aside.

Incredible country though, highly recommended.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by neorichieb1971 »

Are there any Japanese women on here that can chime in?

I have never once witnessed a protest from Japan about sexism. Therefore I don't think its a concern. If Japanese women were doing a "Tiananmen square" type ordeal then obviously the world would take better notice.

As for rancors comments. Japanese women come across as very respectable human beings. I've never met one, but i've watched movies, ghibli stuff and I can't remember any kind of sexism portrayed at all. Comparing respectable women to victims of child abuse and slavery is a bit of a stretch. I really think this is cultural acceptance thing.

any links to complaints internally to Japan about sexism?
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by neorichieb1971 »

The following are the most common examples listed by this group of people of ways in which Japanese society is sexist towards women:

*In the workplace: women have higher expectations placed on them, longer working hours, face unacceptable sexual harassment and lack of respect from male coworkers, are often never promoted, receive far lesser pay, are expected to serve the men, etc.

*Even if women want to work, they are still expected to single-handedly take care of the children and the house as well, making their lives extremely busy and difficult

*Japanese women are always expected to look cute, making them, by society’s standards, “undesirable” after they’ve reached a certain age
The other 60% of Japanese men surveyed disagreed that there is sexism towards women. Rather, they believe that the sexism is instead towards Japanese men.


*Women often receive discounts for certain social places, such as “ladies night” at the movie theater, or paying less than a man to enter a bar

*Men are not allowed to do certain jobs, because those are only given to women
It then goes on to state that because women in Japan earn less, they pay less too.


Based on this knowledge. Working conditions are the only thing that I find unacceptable.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by NTSC-J »

neorichieb1971 wrote:Are there any Japanese women on here that can chime in?

I have never once witnessed a protest from Japan about sexism. Therefore I don't think its a concern. If Japanese women were doing a "Tiananmen square" type ordeal then obviously the world would take better notice.

As for rancors comments. Japanese women come across as very respectable human beings. I've never met one, but i've watched movies, ghibli stuff and I can't remember any kind of sexism portrayed at all. Comparing respectable women to victims of child abuse and slavery is a bit of a stretch. I really think this is cultural acceptance thing.

any links to complaints internally to Japan about sexism?
See, before I thought you were being serious. You are joking around though, right?
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by neorichieb1971 »

You can take me seriously or not. Japan is a democracy and therefore has the ability to over rule sexism. If it stays, its because A) its tollerated by the weak and B) Practiced by the powers that be.

Sexism is a form of anti fairness. There are so many examples in the world of unfairness it could span several volumes. When was the last time you tolerated something you deemed to be unfair? My bet it wasn't that long ago.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Wenchang »

I think the general premise of the article is fair(the original Japan Times article that is, not that stupid blog post), but one should be leery about some of the side conclusions based on specific details. For example, as ever, increased fertility is assumed to have a strong link with particular women's rights. The article mentions maternity leave and goes into how poor Japan is in that regard. Then it mentions South Korea, which has a similar demographic profile, where the maternity leave policies are "relatively generous." So why even bring them up? Doesn't this contradict the assumption, mentioned one paragraph earlier that "low fertility rates are clear barometers of the cost of penalizing women." Is it even the case that Japan's low fertility is a unique phenomena? As I have argued before, I think the answer is no.

Decreased fertility is mostly a result of development(and to a lesser extent it might be a result of women's rights, that is, women with more power are less likely to have children and more likely to do other things). People who aren't dirt poor wive's of farmers who rely on having tons of children so that at least some of them survive to work the land tend to find they have other things to do in life besides having children, and moreover probably find it better to devote more time and resources to one or a few children instead of having many. Maybe some people just don't want children at all. In any case, as I have argued before low fertility is not a Japanese phenomenon. It's a bit ridiculous to come at that issue from a "what is wrong with Japan" perspective. Most of the doomsday stuff about how terrible things will be since the population is collapsing is also wrong.

Clearly women's rights are a valid concern regardless of what the impact on the economy is, and we shouldn't need to resort to bad arguments to defend a basic human right whose merit is clear.
Ed Oscuro wrote:Topically, I thought this recent op-ed in Bloomberg was interesting, perhaps even hopeful.
The writer's understanding of economics unfortunately does not go beyond buzzwords. For starters, the quantitative easing which the writer praises as ending deflation(seems a bit early to be proclaiming that so definitively) and setting the stage for a new era is nothing new in Japan. Nor is what Japan practicing monetarism.

They have gone through several bouts of QE in the past, which the writer tries to brush off by implying what they're doing now is "permanent" whereas what was done before was temporary(apparently all that was needed was a change in attitudes). But that still does not explain why they did not achieve results before. The reason has to do with a confusion of fiscal and monetary policy. Shinzo Abe increased fiscal spending to unparalleled levels(quite a bit of it going to construction subsidies, what else is new, now you can read nonsense about how Japan's construction industry is laissez faire and how the buildings are nice there because of how free the market is etc. then when attitudes change and someone wants to write about how much Japan sucks they can talk about how dumb it is that they keep building roads that no one uses, and how that's a sign of a country that can't innovate, change, or stop sucking in general) and the extent to which the economy has grown or inflation has increased are a result of that.

There's not a hint of monetarism, which would hold, that you increase the money supply without increasing output, you increase inflation, simple as that. But wrong. Wrong because it ignores the fact that money has to actually be spent to lead to the sort of inflation they're talking about and increasing the money supply does not necessarily increase spending.

The old Milton Friedman(who is cited in the article, someone should tell the writer that Milton Friedman long ago admitted his ideas didn't work) idea that the quantity of money is the primary causer of inflation is shown to be complete nonsense to anyone who has a basic understanding of things like liquidity preference, basic accounting identities, excess reserves, etc. Anyone interested in this subject(which I tend to doubt hardly anyone, including the author of that article actually is) can click a lecture I will link:

Lecture Part 1 and 2: http://www.youtube.com/watch?v=BZ5YWPGtgyg&t=3m44s and http://www.youtube.com/watch?v=D0FICNydyT0
This also addresses the point to about the 1:15:52 mark: http://www.youtube.com/watch?v=X39M9MXRNyg&t=70m15s

The article also praises Abe for a bunch of questionable stuff he says he will do, but hasn't actually accomplished. Better to focus on what someone does rather than the rhetoric. The stuff about Japan's foreign policy is pretty shallow, people like Brahma Chellaney have made similar points but with some actual support behind them. He also repeats the oft-stated nonsense about Ronald Reagan being against "big government" etc. Ronald Reagan and Abe both increased government spending, another words they increased the level of government involvement. I think it's a pretty poor article.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Ed Oscuro »

That's an interesting response and notices some things I didn't the first time around.

It should be fairly simple to determine whether that writer's claims about Abe's top-down leadership is a real thing or not. I did take notice when Noah Smith says "talk is never empty, especially when you say things that no one has said before." That's good, at least, and certainly seems a progressive thing to say. The part about affordable day care also suggested, to me, support for something like Swedish parental leave, though now I realize that "parental leave" and "here's a marketplace of good prices for your private market childcare choices" are very different things (I don't have the ability to research this stuff in great depth right now).

Edit: As you say, this using one kind of thing to suggest something totally different may be habit-forming with this author.

About the rest - if the author is saying what you suggest, then I'd agree - pretty bad stuff. Looking through the article again, here's what I see now:

+ Not going the hardcore nationalist route (Noah is right here)
+/- Monetarist push - the note about Milton Friedman is strange here, but if the author is just using this as a synonym for quantitative easing, then this doesn't seem like it goes in the - side of the ledger. But that apparently isn't right. I also originally read this as including a clear reference to the rather disastrous austerity policies popular in Europe at the moment - but now that I read it again, I realize I don't know my righty lingo well enough to figure out what Europe is doing that's supposedly contrary to monetarism. So probably I read this as juxtaposing totally different economic theories than the ones the author intended. Talking about monetarism seems to be strange when the issue hasn't been "do governments influence national output negatively by issuing currency" but rather "do governments influence national output positively?" I thought this was the stark contrast between the US (which still has plenty of "deficit hawks" and other white knight types seeking to enact austerity policy) and the European situation.

Edit: So basically, you're right - some folks are trying to use fiscal policy gains as cover for monetary theories. Eh, what's new?

+/- Cutting the corporate tax rate: Overall bad. The realist in me has to admit that everybody wants to defect in this prisoner's game, putting neighboring states / nations at a disadvantage for corporate profits. On the other hand, it still seems the big picture is that this doesn't serve much of a purpose other than shifting the burden for paying for government away from the wealthy, so it should still be opposed.

Looking at the rest of the paragraph that begins with corporate taxes: Deregulation, privatizing the national pension fund, TPP - kind of funny to see the author talking about "red meat" issues earlier and then trotting out all these horrible and mostly uniquely right-wing causes. So yeah, agreed on those.

I don't know much about the history of the reform process of Koizumi - I assume he's talking about the stripping of some power from the post offices, which probably wasn't quite as simple as a power grab by conservatives at the expense of a strong government, but also probably not merely a stab against entrenched corruption. Of course Noah Smith clearly wants to push much further than that, but perhaps that particular step was worthwhile. I don't know.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Wenchang »

Ed Oscuro wrote:+/- Monetarist push - the note about Milton Friedman is strange here, but if the author is just using this as a synonym for quantitative easing, then this doesn't seem like it goes in the - side of the ledger. But that apparently isn't right. I also originally read this as including a clear reference to the rather disastrous austerity policies popular in Europe at the moment - but now that I read it again, I realize I don't know my righty lingo well enough to figure out what Europe is doing that's supposedly contrary to monetarism. So probably I read this as juxtaposing totally different economic theories than the ones the author intended. Talking about monetarism seems to be strange when the issue hasn't been "do governments influence national output negatively by issuing currency" but rather "do governments influence national output positively?" I thought this was the stark contrast between the US (which still has plenty of "deficit hawks" and other white knight types seeking to enact austerity policy) and the European situation.
Oh to be fair I think the author was hinting at austerity type measures when he referred to Europe as going the opposite direction, and I don't disagree with the premise there. Many people have written similar things. I don't disagree with that idea in the article.
Ed Oscuro wrote:+/- Cutting the corporate tax rate: Overall bad. The realist in me has to admit that everybody wants to defect in this prisoner's game, putting neighboring states / nations at a disadvantage for corporate profits. On the other hand, it still seems the big picture is that this doesn't serve much of a purpose other than shifting the burden for paying for government away from the wealthy, so it should still be opposed.
One of the difficult things to get across is that actually taxes do not pay for government. Money is created by government(the central bank) and then injected into the economy. Taxes come afterwards. It's like a football stadium, they get the tickets out there and then collect them. It's impossible to do it the other way around. If anyone can explain to me what the Central Bank is for and where the money comes from if it is not created by government, I would be amused to read. But the actual fact is that, unless it's counterfeit, money comes from government, another words government finances itself.

The purpose of taxes is to regulate demand/control for inflation and to regulate in other ways(such as to de-incentivize particular types of behavior). And also, in the initial stages, taxes are what force people to work in the first place(otherwise those paper bills are useless, they only acquire value when a coercive entity, a government another words, creates incentive for people to want to hold on to them), or more succinctly: to create unemployment. As Warren Mosler would say: "The purpose of taxes is to create unemployment." Without taxes, no one needs to have a "job" that pays them money. They're still busy doing things of course, as survival would dictate, but they're not working for money.

From the inflation standpoint, if you think the behavior of corporations is more conducive to inflationary tendencies than the general populace it might make sense to tax them more. If you want to eliminate money from corporations in favor of other elements in the economy corporate taxes *might* accomplish that. But mostly I think corporate taxes are a matter of regulation. If you want to limit the power of corporations(something I do not necessarily disagree with doing), taxes are a way to do that. From my perspective the issue tends to be overblown on both sides. Abe cuts the tax rate for corporations, but he also eliminated some exceptions and deductibles that certain businesses were able to employ. How significant the difference is, is not clear to me. What's most important to me is regulating how corporations behave. Tax systems that encourage investment but discourage large accumulation of wealth by individuals of a corporation, which the United States used to have, and most OECD nations have in some form or another, I think is generally a good idea.
Ed Oscuro wrote:Looking at the rest of the paragraph that begins with corporate taxes: Deregulation, privatizing the national pension fund, TPP - kind of funny to see the author talking about "red meat" issues earlier and then trotting out all these horrible and mostly uniquely right-wing causes. So yeah, agreed on those.
Anytime a news story from the United States comes up describing Japan's efforts to "privatize" a particular industry in Japan(and East Asia in general), one should immediately apply air quotes and be skeptical of the information being communicated. Free marketers have spilled much ink about the 80s privatization of the Japan railways for example. Except when one digs a little deeper(here's a summary: http://www.jrtr.net/jrtr27/s48_ter.html), one finds a better word might be the "splitting" of the Japanese railways rather than some more fundamental changes. One major government owned railway gets split into multiple railways that are distributed and contracted to various "private" companies. A few railways closed, but for the most part the structure of the Japanese railway is unchanged, you just had some private companies adding some features and whatnot. But these are highly regulated entities is the point, they are not private companies with the power to do what they like. They're government partnerships.

This is basically the reality of much of the Japanese economy, and places like South Korea for example as well. When U.S. writers want to write about how awesome they are, they resort to the "free market" myth. When they're feeling down about them, they forget about free markets and talk about something else like demographics or how the "markets don't work there" or lack of "innovation" or whatever the story of the day is. But the reality is that these are all highly regulated countries. South Korea is an example almost to the point of comedy. Their great national companies like Samsung used to be government owned until relatively modern years. This is a country who creates government programs to help export animated films and K-Pop to other parts of the world. But this sort of thing gets little attention in U.S. and British media, which credits development in East Asian countries to buzzwords like "free trade" without caring to investigate further. Of course I don't know, but I suspect the pension fund issue in Japan is mostly more of the same.

The Trans Pacific Partnership example might be that writer's biggest failing though. Namely because its adoption seems to have been a failure so far, and also because it's not even clear to me that the Japanese government are "supporting" it for any reason other than to placate the United States.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Ed Oscuro »

Is that the direction of MMT thought? The historical role and importance of taxes has shifted greatly, but the understanding of macro by the general population (and a startling number of policy officials) has not. The strong focus on taxes by many anti-tax groups has been paired with criticism of a government role in the economy, and a complete horror of inflation. Even before we could deal with the probably quite difficult political (but possibly not so difficult empirical and theoretical) issue of funding, a lot of people have looked to the recent European debacle from countries giving up necessary policy tools - and seen promise instead of failure. Even more fundamentally, I think many people simply don't have any knowledge to move past the simple household budgeting model and want to apply it to every situation, no matter how sweeping the responsibilities and resources involved.

It's been pretty natural for various local governments (and the people within them) to use their ability to balance a budget against their tax revenues as a simple way of keeping score. I'm definitely interested in the idea that the system of funding could change, in part because of its promotion of a natural prisoner's dilemma, and in part because such governments often end up without adequate resources to exercise their responsibilities, even though a simple nationwide study of levels of investment would highlight many of these areas as obvious targets for increased funding.

It's an interesting idea - maybe it suggests that the modern role of taxes, in a progressive society, is to restrict control of the economy by wealth accumulators.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by BryanM »

Without taxes, no one needs to have a "job" that pays them money.
This is remarkably true, actually. If you don't have to pay the tax that is rent and car insurance, it is REALLY cheap to live. I'm talking one or two hours a day on Amazon's online sweatshop cheap to live. 50 bucks for food, 50 bucks for electricity, 50 bucks for water, you've got money left over to even buy a little something at the end of the month.

From a 60 hour work month.
a complete horror of inflation
It's... depressing that these folks can't see what a world with deflation would be like.

I'd agree with a fixed-value currency being desirable eventually, but, we're not getting that until the Star Trek communist utopia decides to drop by. We'll be living in giant space tubes by then.
is to restrict control of the economy by wealth accumulators.
The estate tax is probably the only reason fiat currency still works. Compound interest is a hell of a thing; Marx's example of a penny invested on the day Jesus was born accumulating 5% interest a year being worth a gigantic sphere of gold reaching from the center of the Sun out to Jupiter always comes to mind. That's a real concern if you abolish the estate tax. Or cure aging I guess.
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Ed Oscuro »

Well, I think the fiat currency works, as Wenchang says, just because that's how money enters the supply. The only other models I know of are "Gold! GOOOOLD" (insert psychadelic Ron Paul gif here) and maybe cryptocurrency / DIY stuff. I don't think that cryptocurrency / DIY currencies actually matter much for fiscal policy, since you could always restrict that or mostly balance it with governmental fiscal policy.

I think I see your point though. If there is something that puts a stop to unbounded wealth accumulation - well, there's been revolutions for sure, but there's also probably some hard physical limits coming up soon. Marx's example points this out, and it suggests to me that money policies will fail when they are based substantially on the ability of the dead to dictate the balance of resources for the living. We have to find, and many Tea Partiers actually understand this, some way of shifting that balance back into whack. I don't like the idea of seeming to punish success, but it isn't really; it's certainly not promoting failure to redistribute goods within a society, since many people work hard as hell and have nothing to show for it, ever, through many generations (oh, and basically this happens every time Congress passes spending bills, even ones that tighty-righties get all misty-eyed over). Rather it's about freeing people to be their own - neither heirs nor the dispossessed should live their lives under the shadow of that giant ball of gold.

There may be some other interesting results from this. Like, what if somebody doesn't care about living the 21st century way? Maybe that's something we should force for other reasons (certainly things like getting an inoculation) but stuff like making people have to pay taxe for having a small plot of land for their house - that seems strange to me. Of course this is meeting that deep-seated fear of the prepper / Tea Partier type of having their own work taken out from under them - change the system of taxes and suddenly the fear of inflation doesn't carry as much force.

The last thing coming to mind is whether this has anything to say about traditionally laissez-faire assumed models of pricing. If you try to put a limit on the share of current ownership by the dead, what do you have to say about ownership of acclaimed artworks? Or interesting old artifacts? Maybe there's still an answer in laissez-faire, though I'm sure there's some ideas about answering that in totally different ways. Personally, I think that if we could cripple the golden monster, maybe some of the ills associated with Stuff Ownership would start to decrease. How many art thieves actually steal art because they care about the art, rather than the money?
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Re: The Circular Debacle in Japan Thread: This Week - Sexism

Post by Drum »

Wenchang wrote:
Ed Oscuro wrote:+/- Monetarist push - the note about Milton Friedman is strange here, but if the author is just using this as a synonym for quantitative easing, then this doesn't seem like it goes in the - side of the ledger. But that apparently isn't right. I also originally read this as including a clear reference to the rather disastrous austerity policies popular in Europe at the moment - but now that I read it again, I realize I don't know my righty lingo well enough to figure out what Europe is doing that's supposedly contrary to monetarism. So probably I read this as juxtaposing totally different economic theories than the ones the author intended. Talking about monetarism seems to be strange when the issue hasn't been "do governments influence national output negatively by issuing currency" but rather "do governments influence national output positively?" I thought this was the stark contrast between the US (which still has plenty of "deficit hawks" and other white knight types seeking to enact austerity policy) and the European situation.
Oh to be fair I think the author was hinting at austerity type measures when he referred to Europe as going the opposite direction, and I don't disagree with the premise there. Many people have written similar things. I don't disagree with that idea in the article.
Ed Oscuro wrote:+/- Cutting the corporate tax rate: Overall bad. The realist in me has to admit that everybody wants to defect in this prisoner's game, putting neighboring states / nations at a disadvantage for corporate profits. On the other hand, it still seems the big picture is that this doesn't serve much of a purpose other than shifting the burden for paying for government away from the wealthy, so it should still be opposed.
One of the difficult things to get across is that actually taxes do not pay for government. Money is created by government(the central bank) and then injected into the economy. Taxes come afterwards. It's like a football stadium, they get the tickets out there and then collect them. It's impossible to do it the other way around. If anyone can explain to me what the Central Bank is for and where the money comes from if it is not created by government, I would be amused to read. But the actual fact is that, unless it's counterfeit, money comes from government, another words government finances itself.

The purpose of taxes is to regulate demand/control for inflation and to regulate in other ways(such as to de-incentivize particular types of behavior). And also, in the initial stages, taxes are what force people to work in the first place(otherwise those paper bills are useless, they only acquire value when a coercive entity, a government another words, creates incentive for people to want to hold on to them), or more succinctly: to create unemployment. As Warren Mosler would say: "The purpose of taxes is to create unemployment." Without taxes, no one needs to have a "job" that pays them money. They're still busy doing things of course, as survival would dictate, but they're not working for money.

From the inflation standpoint, if you think the behavior of corporations is more conducive to inflationary tendencies than the general populace it might make sense to tax them more. If you want to eliminate money from corporations in favor of other elements in the economy corporate taxes *might* accomplish that. But mostly I think corporate taxes are a matter of regulation. If you want to limit the power of corporations(something I do not necessarily disagree with doing), taxes are a way to do that. From my perspective the issue tends to be overblown on both sides. Abe cuts the tax rate for corporations, but he also eliminated some exceptions and deductibles that certain businesses were able to employ. How significant the difference is, is not clear to me. What's most important to me is regulating how corporations behave. Tax systems that encourage investment but discourage large accumulation of wealth by individuals of a corporation, which the United States used to have, and most OECD nations have in some form or another, I think is generally a good idea.
Ed Oscuro wrote:Looking at the rest of the paragraph that begins with corporate taxes: Deregulation, privatizing the national pension fund, TPP - kind of funny to see the author talking about "red meat" issues earlier and then trotting out all these horrible and mostly uniquely right-wing causes. So yeah, agreed on those.
Anytime a news story from the United States comes up describing Japan's efforts to "privatize" a particular industry in Japan(and East Asia in general), one should immediately apply air quotes and be skeptical of the information being communicated. Free marketers have spilled much ink about the 80s privatization of the Japan railways for example. Except when one digs a little deeper(here's a summary: http://www.jrtr.net/jrtr27/s48_ter.html), one finds a better word might be the "splitting" of the Japanese railways rather than some more fundamental changes. One major government owned railway gets split into multiple railways that are distributed and contracted to various "private" companies. A few railways closed, but for the most part the structure of the Japanese railway is unchanged, you just had some private companies adding some features and whatnot. But these are highly regulated entities is the point, they are not private companies with the power to do what they like. They're government partnerships.

This is basically the reality of much of the Japanese economy, and places like South Korea for example as well. When U.S. writers want to write about how awesome they are, they resort to the "free market" myth. When they're feeling down about them, they forget about free markets and talk about something else like demographics or how the "markets don't work there" or lack of "innovation" or whatever the story of the day is. But the reality is that these are all highly regulated countries. South Korea is an example almost to the point of comedy. Their great national companies like Samsung used to be government owned until relatively modern years. This is a country who creates government programs to help export animated films and K-Pop to other parts of the world. But this sort of thing gets little attention in U.S. and British media, which credits development in East Asian countries to buzzwords like "free trade" without caring to investigate further. Of course I don't know, but I suspect the pension fund issue in Japan is mostly more of the same.

The Trans Pacific Partnership example might be that writer's biggest failing though. Namely because its adoption seems to have been a failure so far, and also because it's not even clear to me that the Japanese government are "supporting" it for any reason other than to placate the United States.
Just wanted to say that I really liked this post.
IGMO - Poorly emulated, never beaten.

Hi-score thread: http://shmups.system11.org/viewtopic.php?f=2&t=34327
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