GOOD SURVIVORS AND BAD SUCCESSORS
Do you believe that a politician in Tokyo keeps 40,000 to 80,000 of 10,000 yen ($100) bills in his home for more than a decade while there are scores of globally first-class banks in Tokyo?
However, there is one: Mr. Ichiro Ozawa, a lawmaker ranked No.2 in the Democratic Party of Japan where Prime Minister Mr. Yukio Hatoyama is the official leader.
SECTION I: Government and Market
A government does not necessarily have to collect money tax.
A government has to however collect foods and goods and request services from the people.
A market does not necessarily need a government that regulates it.
A market is however subject to a government if the government is established.
A government and a market historically and in theory develop and grow independently.
Nonetheless a government has to make all the people obedient, happy, or rich.
Yet, a market makes surely some people happy and rich but also surely others unhappy and poor.
But, many economists do not understand this difference between a government and a market while arguing how to boost economy, expand employment, and ensure financial well-being.
Anyway, even in the American democracy, if 51% of voters get rich and happy, a market never minds 49% unhappy and poor voters.
(If poor people who are brainwashed so as not to vote for any election are counted, this ratio could be, for example, 30% vs. 70%.)
But, the American government should not simply pretend to be trying to solve the problem, while it does not believe it should try anything, which is a common behavior for a government that blindly authorizes a market economy.
SECTION II: Unemployment in China
Unemployment statistics the Chinese Government publishes cover only Chinese laborers in cities.
There are 225 million domestic-migrant workers from local villages in China; but they are precluded from the counting of the unemployed if they lose jobs in cities.
The labor force newly added to the Chinese labor market last year was 24 million. To absorb this number of young people, China needs an economic growth of 10% each year.
Conversely, a growth rate of 5% means 10 million possible insurgents existent in China.
This is a scale effect. It is not 5% but 10 million that destroys a prevailing economic system together with a political system.
So, let China keep 10%, since China is now the largest destination of export from Japan.
*** *** *** ***
I saw two young women today who were sandaled walking on the cold business street.
Most of other women were booted, since it is winter around Tokyo.
Yet, I saw an old woman, wearing very conservative Japanese kimono clothing, elegantly sandaled in a Japanese way though without Japanese stockings, which might have been however chic decades or a century ago.
It will rain tomorrow around Tokyo for the first time in weeks.
Good night!
Luk 1:27 To a virgin espoused to a man whose name was Joseph, of the house of David; and the virgin's name was Mary.
Luk 1:28 And the angel came in unto her, and said, Hail, thou that art highly favoured, the Lord is with thee: blessed art thou among women.
Luk 1:29 And when she saw him, she was troubled at his saying, and cast in her mind what manner of salutation this should be.
Luk 1:30 And the angel said unto her, Fear not, Mary: for thou hast found favour with God.