[ExI] Japan's young turn to Communist Party ...

[John Grigg]

I said a *severe* move toward socialism.  Historically, that does royally
mess up economies, and a European especially should know that.  : )  I think
both Japan and the U.S. are moving toward a more protectionist form of
economic policy, at least in terms of money injections/bail outs and
maintaining/enforcing checks and balances to avoid meltdowns.

The old Japanese model was very Darwinian when it came to failing banks.
Though as with many governments, they did make tries at
manipulating/stimulating their economy with tax hikes, raising interest
rates, etc.,.  Yet still quite a number of bad decisions were made (yes,
including not being interventionist enough when the time was ripe for it).

But a national government with a "firm hand" on the economy will not
necessarily be a good thing.  The right choices must be made and *that* is
the tricky part.  I look forward to A.I. managing the global economy.  I can
only hope they do a better job than we humans do (though they would do such
work in partnership with us).

John Grigg


On Sun, Oct 19, 2008 at 9:14 PM, Stathis Papaioannou <stathisp at gmail.com>wrote:

> 2008/10/20 John Grigg <possiblepaths2050 at gmail.com>:
> > What the heck is your problem? lol  We said nothing to warrant your
> > reaction.  I realize the *practice* of Russian and Chinese-style
> communism
> > was/is a far cry from the theory.  I fully respect the right of Japanese
> > young people to politically agitate for change, even under a communist
> > banner.  And their brand of communism will be within a democratic society
> > and not a tyranny.
> >
> > I agree the world needs a shift toward more humane politics, but I am
> > concerned that Japan might down the road make too severe a shift toward
> > socialism and hurt their economy.  Sometimes nations veer from one
> extreme
> > to another.
>
> Why do you assume a shift towards socialism will hurt their economy?
> They've been in recession or near-recession for 20 years while, if
> anything, becoming more right wing economically. What does that tell
> you about laissez-faire capitalism?
>
>
> --
> Stathis Papaioannou
> _______________________________________________
> extropy-chat mailing list
> extropy-chat at lists.extropy.org
> http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20081019/21a4ab13/attachment.html>