(Tokyo Train Views)Jesus' Economics and Japanese Economics
SECTION I: Reasonable Economists and Bad Economists
One of key factors to deciding the outcome of Japan's coming general election is how competing parties are associated with economists, as some critics realize.
Without vast knowledge and versatile experiences, you cannot become a true economist.
(Economists who have never participated in production and sale sometimes misunderstand what EEE Reporter said on economy while they know nothing but what other economists said. Besides, they could not predict the Wall Street crisis of 2008 while EEE Reporter had given warnings on it so many times.)
But, there are two types of economists, bad guys and reasonable guys.
Bad economists are friends of rich men; reasonable economists are friends of a majority of consumers.
If one man has one billion dollars, he will spend only one million dollars per year for his daily needs.
But if one billion dollars are shared by, or distributed to, one million men, they will in total spend one billion dollars per year.
National economy will not grow if one rich man spends only one million dollars per year for his daily needs; but it will expand if each of one million men spends one dollar per day for their daily needs.
(More practically, national economy will not grow if one rich man spends only ten million dollars per year for his daily needs; but it will expand if one million men in total spend ten billion dollars per year for their daily needs.)
This is a principle every economist must always keep in their mind.
That is why you must not trust an economist who has many friends among rich men.
The coming general election in Japan has an agenda in this regard. Japanese voters are leaving the ruling LDP and the current Cabinet who have trusted rich-men-friendly economists too much.
So, Japanese economists who have simply make rich men richer can be purged after the election, though they might survive provided they have special political value.
SECTION II: Economics Revolution
It is expected that Japan will present a new mode of economy in a few years, since the second largest economy in the world or the economic hero after WWII has suffered enough frictions between traditional Japanese culture and Western economics.
But, it is a little interesting to see how Wall Street experts see the Japanese economy:
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JANUARY 16, 2009.
The Truth About Japanese Stimulus
Fiscal pump-priming can work to revive the economy.
By RICHARD KATZ
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Policy makers have been slow to respond because they're still hostage to several bad ideas. Let's look at some of the myths guiding Tokyo's policy makers and the contrasting realities.
Myth 1: Prime Minister Taro Aso is applying budget-busting fiscal stimulus including a return to public works.
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Myth 2: The 1990s proved that fiscal stimulus is useless in Japan.
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Myth 3: Japanese people won't spend any tax cut or government handout because they are either too anxious to spend or already have everything they want. The greatest barrier to consumer spending is lack of income. Even though total real compensation of all workers in Japan put together is only 2% above the level of 1997, spending is up 12% from 1997. People spent more by saving less. If they had more money, they'd spend even more.
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Myth 4: Japan cannot afford fiscal stimulus because of its huge government debt.
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Japan has plenty of unmet needs in urban infrastructure and in people's day-to-day struggles to make ends meet that could be helped with well-fashioned tax cuts and spending measures. The right kind of fiscal stimulus could help both short-term demand and long-term economic vibrancy.
http://online.wsj.com/article/SB123203746820485953.html
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If Japanese economists and the new regime after the August 30's general election can draw up an economic plan and policies that surpass any idea contrived on Wall Street, an economic revolution can occur in Japan.
SECTION III: JESUS' ECONOMY
Jesus Christ said that you should pay an equal wage to all the workers, some of whom must work from early in the morning but others of whom might just start to work a minute before the end of the day.
It tells that distribution of money itself is important for economy.
It tells that consumption by workers is more important than their labor for production.
While "Western economics" is a by-product of Christianity, most of Western economists seem to be unable to grasp the meaning of Jesus Christ's teaching.
So, I think that "Japanese economics" is really needed in the 21st century.
(To be continued...)
Joh 7:22 Moses therefore gave unto you circumcision; (not because it is of Moses, but of the fathers;) and ye on the sabbath day circumcise a man.
Joh 7:23 If a man on the sabbath day receive circumcision, that the law of Moses should not be broken; are ye angry at me, because I have made a man every whit whole on the sabbath day?
Joh 7:24 Judge not according to the appearance, but judge righteous judgment.