An era of Japanese Capitalism Again? Or

Astroboy · 30 Sep 2008

German finance minister Peer Steinbrück has slammed Anglo-American capitalism for endangering global stability in its lust for profit and predicted that the US would now be toppled as the superpower of international finance.
http://www.telegraph.co.uk/finance/...superpower-status-claims-German-minister.html

Not only German finance minister, but we all know .... that Anglo-American Capitalism has already fallen.

Then which capitalism will be next?

1. Japanese Capitalism - Hardly imagine as it is well known as "JaPain"
2. Continental European Capitalism - Maybe, but credit crunch is reaching.
3. Russian Capitalism - Except natural resource & volda, what's there?
4. Islamic Capitalism - Could be, but sounds more religious.
5. Chinese Capitalism - Hmmmm...

What do you think?

grapefruit · 1 Oct 2008

Interesting! I hope Japan will resurge.

Astroboy · 1 Oct 2008

grapefruit said:
Interesting! I hope Japan will resurge.

No need to resurge, I think. But the point is ..... better keep distance from Anglo-American Capitalism.

Astroboy · 1 Oct 2008

Laggard Japan finds its model back in fashion
http://www.ft.com/cms/s/0/c7f28608-8c2d-11dd-8a4c-0000779fd18c.html

Japanese financial system .... often have been seen as emblematic of an anachronistic financial system that has simply failed to keep pace with modern times.

Now laggard Japan does not look quite so stupid. Whether by luck or design, its financial institutions have been relatively unscathed by the financial crisis that has felled some of the biggest names on Wall Street. While its adventurous foreign brethren were off on a lucrative, but ultimately disastrous, spending spree, most Japanese banks continued to make the bulk of their money from old-fashioned lending.

Now the tables have turned. This week, Nomura has picked up Lehman assets at seemingly bargain-basement prices. Mitsubishi UFJ will pay some $8bn (€5.5bn, £4.3bn) for a sizeable chunk of Morgan Stanley, one of the few US investment banks left standing.

Yet the quick reversal of fortunes has led to remarkably little carping. "They've been admirably restrained considering they spent 10 years with the Americans telling them how to run things," says Richard Jerram, economist at Macquarie Securities. "There must be a deep temptation to say: 'You really musn't manipulate the market by banning short selling. You really must let this problem work out rather than having a low-transparency rescue plan," he says, referring to continued prodding of Japan to adopt a more robust form of free-market capitalism.

LOL.... The American economist says ..... "Japanese are admirably restrained ...."
Maybe Japan is modest unlike others, but the point is ..... we all know that they don't hear us.

Astroboy · 2 Oct 2008

Japanese capitalism proved naysayers wrong, scholar says
http://search.japantimes.co.jp/cgi-bin/nb20060529d1.html

"Over the past 15 years, Japan neither remained static nor adopted the American model," Vogel said in Japanese. "It changed in its own unique ways."

A bit older article, but he hits the point.

Astroboy · 3 Oct 2008

It's a bargain sale ! in US and EU.

But Japanese financial comapnies better not be high profile as they will start Japan-bashing. Instead, I suggest Chinese to buy them.

Gackt21 · 5 Oct 2008

Yeah, I would have to agree. Our government is trying to control our stock market. Some are saying our country is under marshal law. Back to financial, the stock market has dropped badly in my country. I might make it hard for Japan to get back on top or for any country to.

Astroboy · 6 Oct 2008

Where is Euro's Euphoria ?????

Europe's biggest economies have agreed to work together to support financial institutions - but without forming a joint bail-out fund.
BBC NEWS | Europe | No banks bail-out fund for Europe

Only Talking, Talking and Talking.

Until recently, they said "Together, we are strong", but when they face real credit crunch in Europe, they get into a tizzy. So Continental European Capitalism is being in a tizzy Today.

But don't worry Europe must be able to overcome those difficulties ahead. Credit crunch must be a small thing to them as they are "ethically superior", putting greater emphasis on "Human Right", "Global Warming", "Whaling" and "Japanese Atrocities in Asia"....

Wishing you (Euro) success & prosperity ... from Japan.

Astroboy · 6 Oct 2008

Only in the last ten days, value of "Euro" agaist JPY dropped by some 18%.... Today it is JPY140 per Euro.

The second stage of globlal credit crunch has just started..... It is not in USA, but in Europe now.

Astroboy · 6 Oct 2008

US Dow continues to drop ..... below 10,000 today!

Russian MICEX stock market suspended again.
FTSE, DAX, CAC continues to fall .... Japan's NIKKEI will fall again tomorrow. Are we in the midst of Great Depression?

Astroboy · 7 Oct 2008

Forex: Euro, Dollar Take Freefall Vs. Yen Amid Financial Instability

TOKYO (Kyodo)--The euro and the U.S. dollar took a freefall against the yen Monday in Tokyo, with Europe's single currency briefly trading in the upper 139 yen range and the dollar in the upper 100-102 yen level amid continued financial instability.
http://www.nni.nikkei.co.jp/

Instable VS Stable.....

Astroboy · 7 Oct 2008

Seven Sins

Pope criticises pursuit of wealth

The global financial crisis is proof that the pursuit of money and success is pointless, Pope Benedict XVI has told a meeting of bishops in Rome.
BBC NEWS | Europe | Pope criticises pursuit of wealth

He is right, but too late.

It is time that we must remember ..... the seven deadly sins: luxuria (extravagance, later lust), gula (gluttony), avaritia (greed), acedia (sloth), ira (wrath), invidia (envy), and superbia (pride).

Astroboy · 14 Oct 2008

The US government is expected to announce a $250bn (£143bn) bank rescue plan later, echoing steps taken by the UK and other European countries.
BBC NEWS | Business | US unveils $250bn banking rescue

All banks of Iceland, Ireland, etc. were Nationalised.
EU is injecting governments' money (tax) into more European banks to Nationalize them.
US government is also nationalizing financial companies.

So... we are returning to "Socialism".

Astroboy · 16 Oct 2008

If China spends its trillions, recession could be avertedThe country should be invited into the G8 immediately; it has a vital part to play in restoring global stability....
Andrew Graham: If China spends its trillions, recession could be averted

GOOD News for China! They are waiting for Chinese money, while they bashed Olympic flame in London some months ago.
But be careful .... this may be a typical Anglo-American's trap

Either way, Chinese capitalism is prevailing across the world. Congratulation !!!!

Gackt21 · 16 Oct 2008

Astroboy said:
All banks of Iceland, Ireland, etc. were Nationalised.
EU is injecting governments' money (tax) into more European banks to Nationalize them.
US government is also nationalizing financial companies.
So... we are returning to "Socialism".

I guess so. There are rumors flying around Conservatives that George Bush has threatened the senate with marshal law if they did not pass the rescue bill. Does anyone believe that? I am not sure if I do.

Astroboy · 17 Oct 2008

Gackt21 said:
I guess so. There are rumors flying around Conservatives that George Bush has threatened the senate with marshal law if they did not pass the rescue bill. Does anyone believe that? I am not sure if I do.

Yes, I believe. Your government (US government) has been preparing Marshal Law .... in order to cope with riots in USA.

Why is a U.S. Army brigade being assigned to the "Homeland"?
http://www.salon.com/opinion/greenwald/2008/09/24/army/index.html

Brigade homeland tours start Oct.
http://www.armytimes.com/news/2008/09/army_homeland_090708w/

Be careful..... They are targeting Not Al Qaeda but US citizen.

Good Luck & Good Bless America.

Astroboy · 21 Oct 2008

Gackt21 said:
I guess so. There are rumors flying around Conservatives that George Bush has threatened the senate with marshal law if they did not pass the rescue bill. Does anyone believe that? I am not sure if I do.

Karl Marx is back in fashion, says one German publisher, who attributes his new popularity to the economic crisis.

BBC NEWS | Europe | Marx popular amid credit crunch

Dogen Z · 23 Oct 2008

Don't be so smug. If the U.S. and Europe goes down, so will Japan because it depends greatly on exports. And it will lose billions because of all the U.S. T-bills it has in its foreign reserve account (same as China).

Astroboy · 25 Oct 2008

Dogen Z said:
Don't be so smug. If the U.S. and Europe goes down, so will Japan because it depends greatly on exports. And it will lose billions because of all the U.S. T-bills it has in its foreign reserve account (same as China).

Thanking to Anglo-American Fake Economy, all of us (the world) are affected.
On top of that, they are asking us to continue to buy US T-bills.

I remember a proverb "Thief never show any compunction".

ManchuTaiwanese · 25 Oct 2008

Astroboy said:
It's a bargain sale ! in US and EU.
But Japanese financial comapnies better not be high profile as they will start Japan-bashing. Instead, I suggest Chinese to buy them.

Hahaha....no way that China is going to buy any of those things. Chinese culture traditionally doesn't have too much trust in financial assets or paper assets so to speak. For two, China has learned the painful experience Japan endured after Japanese buying franzy of the 80's. China wants to avoid a western sport called "China Bashing" at all cost. But China is eager to buy tons of natural resources around the world right now because the world commodity market is collapsing. Everything is beoming so cheap.

bammbamm&pebbles · 25 Oct 2008

ManchuTaiwanese said:
But China is eager to buy tons of natural resources around the world right now because the world commodity market is collapsing. Everything is beoming so cheap.

Crude price dropped as low as $62 plus change today.

Astroboy · 25 Oct 2008

ManchuTaiwanese said:
Hahaha....no way that China is going to buy any of those things. Chinese culture traditionally doesn't have too much trust in financial assets or paper assets so to speak. For two, China has learned the painful experience Japan endured after Japanese buying franzy of the 80's. China wants to avoid a western sport called "China Bashing" at all cost. But China is eager to buy tons of natural resources around the world right now because the world commodity market is collapsing. Everything is beoming so cheap.

That's why I said .... "Be careful about Anglo-American trap". I think China's strategy is right for the above.

ManchuTaiwanese · 25 Oct 2008

Anyway...I beleive the worldwide paper money system (fiat system) will eventually fail again. Chinese paper money systems failed so many times in each of previous Chinese dynasties such as Song, Yuan, and Ming. By Ching dynasty, China basically abolished paper money system all together becuase its inherited problem of constant devalution. You can find the same experience in the West as well. Paper money based purely on good faith of the issuer by default is a system of cheating. The world needs a new leading currency that's backed by a basket of real assets such as natural resources, precious metal, and food.

JerseyBoy · 30 Nov 2008

Astroboy said:
That's why I said .... "Be careful about Anglo-American trap". I think China's strategy is right for the above.

You are entitled to your own opinions; but, I don't dismiss the American capitalist model too quickly. Every economy makes some tweaking for the changing economic landscape. China has its own long term challenges as its economy is primarily based on the export markets (US and EU). China's highly regulated domestic economy is not an ideal environment to foster entrepreneurism, which is needed for creating businesses and wealth.

As far as the Japanese economy is concerned, some high tech and manufacturing areas (I stress "some") are very competitive. But, at the same time, many other areas in the economy are very inefficient due to red tapes, excessive regulations, and protectionism.

4321go · 1 Dec 2008

An era of Japanese Capitalism Again/ ...this title is so shocking~

and the last one~,5. Chinese Capitalism - Hmmmm...

you should change it to Chinese socilism ,or something like that...Lol

ManchuTaiwanese said:
Anyway...I beleive the worldwide paper money system (fiat system) will eventually fail again. Chinese paper money systems failed so many times in each of previous Chinese dynasties such as Song, Yuan, and Ming. By Ching dynasty, China basically abolished paper money system all together becuase its inherited problem of constant devalution. You can find the same experience in the West as well. Paper money based purely on good faith of the issuer by default is a system of cheating. The world needs a new leading currency that's backed by a basket of real assets such as natural resources, precious metal, and food.

ManchuTaiwanese, your name is funny~ ...

and how did you get the information of that,like"failed so many times in each of previous Chinese dynasties such as Song, Yuan, and Ming" give the link or evidence please!

An era of Japanese Capitalism Again? Or

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