(Very common local scenery of Japan)THREE MAJOR FACTORS FOR ECONOMY AND ECONOMICS
Special Discussion for 2009 Christmas
by EEE Reporter
According to Forbes, "the 10 richest Americans lost a combined $39.2 billion in the past 12 months, a 14% decline."
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The Richest People In America by Forbes
Rank.. ...Name.. ...Net Worth ($mil).. .. ...Source
1: William Gates III.. .. ..50,000.. .. ..Microsoft
2: Warren Buffett.. .. ..40,000.. .. ..Berkshire Hathaway
3: Lawrence Ellison.. .. ..27,000.. .. ..Oracle
4: Christy Walton & family....21,500....Wal-Mart
5: Jim C. Walton.. .. ..19,600.. .. ..Wal-Mart
6: Alice Walton.. .. ..19,300.. .. ..Wal-Mart
7: S. Robson Walton.. .. ..19,000.. .. ..Wal-Mart
8: Michael Bloomberg.. .. ..17,500.. .. ..Bloomberg
9: Charles Koch.. .. ..16,000.. .. ..manufacturing, energy
9: David Koch.. .. ..16,000.. .. ..manufacturing, energy
11: Sergey Brin.. .. ..15,300.. .. ..Google
11: Larry Page.. .. ..15,300.. .. ..Google
13: Michael Dell.. .. ..14,500.. .. ..Dell
14: Steven Ballmer.. .. ..13,300.. .. ..Microsoft
15: George Soros.. .. ..13,000.. .. ..hedge funds
http://www.forbes.com/lists/2009/54/rich-list-09_The-400-Richest-Americans_Rank.html
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Microsoft is a software maker, mainly, of the operating system for PCs.
Oracle is a software maker providing applications for PCs.
Dell is a hardware maker of personal computers.
Google is an Internet service provider specializing in information search.
Bloomberg is a financial information provider based on computers.
So, the first major factor is telecommunications and computing technologies. Wal-Mart and Wall Street hedge funds also highly rely on these technologies.
And thus, you have to well understand history of development of today's telecommunications and computing technologies so as to be a good economist.
The second major factor is, of course, businesses, enterprises, and companies.
Without relying on businesses, enterprises, and companies, no one can be rich. And thus, you have to well understand history of development of today's corporations.
For example, the 9/11 2001 Terror could have been be avoided if America had been able to use more effectively telecommunications and computing technologies and business power.
The 2008 Subprime Loan-triggered Wall Street crisis could have been avoided if America had been able to use more effectively telecommunications and computing technologies and business power.
If you could fully utilize them, most of arguments by today's economists are of no use.
It is so, since no huge debts and deficits, no interest rate problems, and no unemployment problems would become problems at issue.
As for Japan's deflation and other economic problems, one of the major factors is of course China.
No American economists, including Mr. Summers and Mr. Bernanke, have not discussed the influence of China on Japan in the so-called lost decade of Japan.
If China is at the place of Canada or Mexico, America would also suffer deflation and the lost decade.
As such a huge economic potential of China started to rise in 1990's so close to Japan geographically, there must have been a huge influence on Japan in 1990's.
This is the answer to the question on why Japan had to suffer the economic plight in 1990's while China was emerging, which no American economists, including Mr. Summers and Mr. Bernanke, could understand.
It is not because Japanese were fools but Japanese were too smart to help China succeed in 1990's to 2000's.
Anyway, it tells that the third major factor in today's economics is a nation.
But, a nations is conditioned by its history, tradition, culture, religion, etc. which American economists, including Mr. Summers and Mr. Bernanke, could not well understand. Accordingly, they were frustrated so much why Japan could not pull out of the economic plight more efficiently as China was developing so efficiently.
The answer is that as Japan was helping China grow so efficiently Japan itself could not pull out of the economic plight more efficiently.
But, it also tells that Japan thought helping China was better than suppressing China from view points of history, environment, and justice.
Indeed, history, environment, and justice are what American Nobel laureate-class economists cannot well understand.
Or, could any of them tell what China in 1970's should do to be a global economic power in the early 21st century based on their economics theory?
The answer is to recommend the Chinese Communist Party to acquire friends as many as possible from Japan and win favor as much as possible from Japan, which is however what cannot be expressed in their economics formulae.
Truly, no Top 10 rich men in America today have followed economists to be rich and establish influence on the American economy, since "the 10 richest Americans lost a combined $39.2 billion in the past 12 months, a 14% decline."
(To be continued...)
(In Japan, the song "Mollie Darling" was translated as a song for praising sheer beuty of the winter night sky full of stars so far...though it was composed by an American William Shakespeare Hays (1837-1907) as a love song.
http://www.victoriaspast.com/Midis/molliedarlin.mid
Source:http://www.victoriaspast.com/AMomentInTime/momentintime.html)