Posted tagged ‘Zaibatsu’

WILL ZAIBATSU OFFENSIVE BE ACCOMPANIED BY NEW JAPANESE MILITARISM?

November 11, 2014

WILL ZAIBATSU OFFENSIVE BE ACCOMPANIED BY NEW JAPANESE MILITARISM?
Erle Frayne D. Argonza

In a previous article, this writer articulated the success of the Japanese Zaibatsu offensive. As one ought to realize, the success of the Zaibatsu offensive came at the expense of other markets, notably the North’s. Intellectually bankrupt as they are, the policy makers and technocrats of the North never foresaw the catastrophic consequences of predatory policies more so those concerning finance that came from their Japanese partners.

Today, Zaibatsus are well prepositioned across the globe, and it doesn’t matter anymore whether their headquarters will still be based in Japan. They have already fanned out beyond their boundaries, thanks to gullible states and market players in host countries that aren’t equipped to read the psyche of their Japanese partners. Japanese market presenters carry the mien of humble partners who bow in deep respect before you during business meetings, so who could ever suspect the rather cold-blooded nature of such gestures.

What the world must observe with greater focus these days, when global fascism is rising, is the resurgence of Japanese militarism. It may come in the form of ultra-nationalism, or ultra-conservatism, and may have nothing of the ‘Hail Emperor’ mantra of the previous Empire. But seeing the rise of predatory Zaibatsus, focused observers can never miss out on the possibility that the economic offensive may be accompanied, at some juncture of global economic crisis, by a very resurgent militarism.

Japan was very badly isolated during and after the 2nd World War, and till the early 1970s its moves at extending cooperation came with enormous suspicion, more so from the Asians whose countries were “burned down to the ground” by invading Japanese military forces. There surely was a colossal repackaging of Japan’s image, from wartime arrogance to new era peace-loving and humble advocate. To prove their sincerity, they even crafted their new constitution such that offensive forces were banned and only defensive military forces allowed.

No one ever heard of Japan getting involved in the arms race for many decades, and till these days the mindsets of somnambulistic folks tend to regard the Japan of the present as the peacenik country of post-war yesteryears. Even my old folks, who suffered miserably from the cruelties of Japanese forces during the war, have come to forgive Japan, though they still harbor the pains during moments of reminiscing.

The peacenik image is a product of its own context, this one must be reminded about. Japan was in high growth for many decades, than it matured onwards till it reached consumer society proportions around the 1980s. Then came the ‘globalization’ voodoo economics, and the rest was history.

That was then. The situation now is different. The global economy is crashing down, the plunge still hasn’t ceased, and the EU-USA experts just couldn’t learn from Japan’s ‘bailout’ mistakes. As the economy falters, anxieties arise within a country, and tensions across borders will increase. Superstition and groupthought (fascism) are rising, and before long we will see the fireworks of another world war ensued in the hottest spots of the globe.

EU-USA (West) and Japan (East), which comprise the pillars of the global economy, are now on the decline. If we study the behavior of their peoples well, whenever they experience severe crises, they undertake wars as strategy to release or canalize collective anxieties. They identify a Bogey Man (e.g. Nazi’s identified the Jews, North Americans identified the Southern slave owners during the US civil war,…), and then transfer their internal anxieties and defects on the Bogey Man, and war ensues.

Such economic pillars just seem unable to manage their decline without taking down others. This is classic binary mindset, destructive and demonic. Such mindset is responsible for using nuclear arms, regarding the casualties on their perceived enemies thereafter as mere statistics. And East Asia better prepare for the eventuality that this mindset will become dominant again in Japan in the short run.

Demented minds in Japan have two (2) bogey men today: (a) North Koreans and (b) Chinese. As this is happening, events have already shown the preparedness of Japan to mobilize its troops for missions outside the borders (e.g. Iraq war). Japan also possesses the technical capabilities to produce weapons of mass destruction such as nukes and probably the Tesla Earthquake Machine or TEM.

Intelligence reports have it that Japan is capable of constructing WMDs and manufacturing new series military vehicles (e.g. aircraft carriers) in just less than a year upon call to action. We wouldn’t be surprised if we receive further intelligence information that such WMDs and vehicles are in fact already in place, needing supplementation in quantities and troop mobilizations.

It need not be overstressed that Zaibatsus are awash with money to fund militaristic or Banzai offensives for sustained periods. They already demonstrated this, during the Gulf War and Iraq War, when their coffers coughed up large sums by the tens of billions of dollars to pay the bills for the offensives while the USA provided the main attack hardware and human ‘warm bodies’ (like they were the Hessian Troops of the global
oligarchs).

If ever that the USA-EU would fall into a state of totalitarian governance (police state, fascism), and Japan would follow along that direction, then chances are high that the North Atlantic Alliance (USA-EU) and Japan would form a new Axis Powers alliance. The North Atlantic powers would constitute the Western flank, while Japan would comprise the Eastern flank of the alliance.

It will be déjà vu for sure. If indeed such is the direction. Peace advocates still have time to scuttle new treaties up north that could redound to concentrating enormous powers in central governments that are undisguised fascist police states. There is still time, but time is now short.

Before long, Japanese slogans of Banzai! will be heard again across the Pacific. Just by hearing it, or reading it on the papers and TV, many middle class Asians will die of heart attacks. Let us just hope that it will only be a slogan of marginalized mad people in Japan and nothing more.

[Philippines, 15 November 2008]
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ZAIBATSU GLOBALIZATION ‘VOODOO ECONOMICS’ BOWING OUT

November 3, 2014

ZAIBATSU GLOBALIZATION ‘VOODOO ECONOMICS’ BOWING OUT
Erle Frayne D. Argonza

Magandang hapon! Good afternoon!

Let me share to you at this moment some notes regarding the ‘globalization’ experiment and the flawed policies that sustained it. There has been much ballyhoo about the global economy’s integration, over the last three (3) decades, as having been carved out supposedly by the Anglo-Saxon policy architects, using Thatcher & Reagan as the face for the ‘neo-liberal’ policy regime they installed.

Little do peoples across the globe, including experts who are so mired in their own parochial perspectives, know that the liberalization of country economies has a great deal to do with the Zaibatsu offensive. The West should better accept the facts: that their technocrats and policy shapers have run out of fresh ideas since the 1970s onwards (i.e. mentally bankrupt), a gap that they filled up by looking up to Japan and the NICs (newly industrializing countries) for copycat purposes.

Reaganomics, as neo-liberal policies of ‘privatization’ was dubbed (Thatcher of the UK preceded Reagan by a year), is as voodoo as one can get, seductive as any enchanting mantra-resonating principle can be, and was indeed potent in erasing the vestiges of the Regulated Economics doctrines that preceded the era. In the emerging markets, they were dubbed as ‘structural adjustment policies’ or SAPs, were imposed by the IMF-World Bank Group on debtor nations, and can be summed up as follows:

• Core principles: Privatization, Liberalization, Deregulation
• Subsidiary Principles: Tax reforms, trade liberalization, free floating exchange rates, diminished state subsidies for welfare, increased utility prices (revenue generation)
• Governance Principle: Decentralization (local government autonomy)

Such policy reform measures, as far as developing countries or DCs were concerned, came in as very harsh, cruel ‘austerity measures’ imposed by the IMF. We citizens from the ‘margins’ can never forget these measures, the pauperization that they effected, the dislocation of marginal producers, the decline of health services and rise of morbidity rates, and so on. In the Philippines, our very own capital goods industries were either delayed or un-implementable (such as integrated steel), as the money allocated for their purposes simply dried as dictated by the World Bank.

But there’s another set of policy architecture that wasn’t Anglo-Saxon, and didn’t receive their inspiration from the classicists (Smith, Ricardo) and the monetarists (Friedman, Hayek). This set of liberalization policies came from Zaibatsu country, and were crafted by Japanese technocrats. Not only policies, but also institutions were addressed by them, giving rise to the globalized economy that we have today.

Chief among those technocrats was Kenichi Ohmae, who in the 1980s was a think-tank executive. Further down the line were many other technocrats, who were organically linked to the Zaibatsus (landlord-industrialist-financier oligarchs), taking up cudgels for Ohmae.

Globalization, as one better realize, was never meant as any ‘win/win’ formula for nation-states in the arena of international trade as the liberal thinkers came to defend it later. It was outright a strategy to pre-position Zaibatsu corporate interests outside of Japan, notably the U.S. and European markets.

At that time of conceptualization, Zaibatsus have already efficaciously penetrated the Asian markets, and had leveraged their investments’ entry via aid and technical knowledge diffusion (including sponsoring Developing Country scholars in Japanese universities & special institutes). The old doctrine of ‘Asia Co-prosperity sphere’ was finally won, without firing a shot this time (unlike Imperial Japan era expansionism).

In the 1980s, the clamor for mooring investments and trade in the Western markets became ever stronger. The offensive tactic adapted was rather two-pronged, which made the new voodoo mantra even more potent:

• On the micro-level, permeate other markets with new concepts such as ‘Theory Z’ (decentralized authority, see W. Ouichi), total quality management or TQM, new tools for strategic planning, mergers and de-mergers. Till these days, the tools are considered sacrosanct in all sectors of society, including the Catholic Church that now uses ‘bottom-up’ planning added to strategic planning (my observations done in 2001-02 in a California diocese).

• On the macro-level, blend the Reagan-Thatcher ‘structural adjustments’ with the ‘globalization’ doctrine. The Zaibatsu technocrats fanned out across the globe, some of whom were positioned inside international bodies, and sweetened liberalization via a supposedly ‘win/win’ growth strategy for participating countries. This brilliant blending, which Western thinkers didn’t perceive at all as any subtle tactic by a predatory class (Zaibatsu), soon caught up fire and became buzz word for nigh three decades.

Before long, the Japan Inc. was being bandied across the globe as worth any country’s emulation. Southeast Asia and Korea went for it. Even the former presidents of the USA admired the Japanese Inc. doctrine of renewed private initiatives and shift from macro- to micro-economics as stabilization and growth measure. Bill Clinton of the USA spoke so fondly of ‘globalization’ like some captive fan of an economic icon, and moved to negotiate the NAFTA.

Little do unsuspecting, gullible peoples across the planet, more so the policy experts of the West, realize that the Japanese voodoo economics was largely intended to permit Zaibatsu investments to breed and morph inside their economies. Using merger and buy-in tactics, the Zaibatsu agents made it appear that their sponsors came in for benign purposes or so. If there is any group in the world today that is enjoying its last laugh, it is the Japanese militarists of the past, who finally saw the success of their nation’s offensives and the decline of the West via ‘organized chaos’.

Around 1994, the magic of the Japan Inc. began to cramble. Recession came, and before long many banks and investment houses were catching fire. That was the origin of the bankrupt and immoral Bush-Paulson ‘bailout’, which began with the ‘crisis management’ tactic in Japan to save ailing banks and financial institutions. Eventually, Zaibatsu technocrats were forced to revive the Western tool of ‘interest rates’ intervention, to the extent of bringing down interest rates to zero percent and sustaining it there for many years.

There also came that moment, in the late 1990s through 2006, when Zaibatsu financiers suddenly were so awash with funds (liquidities), at a time when Western economies reached low growths. The ‘yen initiative’ package was therefore conceptualized as another last-ditch voodoo tactic, which was implemented by loaning out large funds at zero or low interest, which Western financiers than re-loaned at profitable interest rates. Many such funds reached the USA& EU realty subprime mortgage markets, to recall. Again, note the seemingly benign nature of the financial gesture.

Just as when the realty markets were beginning to sneeze in America, the last voodoo measure was pulled out. The ‘crisis management’ was already folded up earlier, as Japan’s economic growth was propelled up anew by the Asian markets notably China’s. Just as when USA & EU needed the Zaibatsu loans very badly, and ditto for portfolio investments, they were pulled out, thus ensuring the crash of both economies.

Japananese voodoo economics is now bowing out, as the compass of policy initiatives at present is pointing to the reconstruction of macro-economic, New Deal type measures intended to attack problems both on short-term (bail out on productive sectors) and long-term basis (induce physical economy rather than predatory finance). But the withdrawal of the voodoo regime is not being done without witnessing its catastrophic results.

That’s surely tragic for the West or North. I wonder how Zaibatsus & technocrats perceive peoples outside their borders: whether they regard the latter as human beings worth co-partnering with, or as hungry lizards that must subsist on crumbs of investments & finance from Japan that have been buttressed by enormous tons of gold acquired through production and plunder of occupied lands, across the 2,000 years of Japan’s existence from kingdom to nation.

Honestly, I don’t know the answer. But if the Zaibatsus are receiving flaks from outside their borders, it wouldn’t be a surprise. There are no more borders for Zaibatsus by the way, just an entire planet with seamless web, cocooned in all corners by their corporate money.

[Philippines, 14 November 2008]

ZAIBATSU & WESTERN OLIGARCHS’ ALLIANCE CRAMBLES, WAR LOOMS!

March 30, 2010

ZAIBATSU & WESTERN OLIGARCHS’ ALLIANCE CRAMBLES, WAR LOOMS!

Erle Frayne Argonza

Magandang hapon sa inyong lahat! Good afternoon to you all!

Just about a few weeks back, the world was shocked (as per media sensationalism) by the failures of new Toyota models on the road, leading to deaths of over twenty (20) riders in the USA. Within hours of the news, panic arose among riders, congressional investigation began, and Toyota was compelled to pull back 7-digit cars-in-use from the roads for retrofitting works.

The world watched as Toyoda-san, scion of the Toyota zaibatsu founder, wept before the congressional committee that investigated the fiasco and near-to-maelstrom in the markets caused by it. I wished I could have extended commiseration to Mr. Toyoda, but knowing the cold-blooded greed of the oligarchs made me adopt the scientific attitude of detachedly observing a species exhibiting behavior under duress.

My take of the matter, which some economists and investments analysts in the USA incidentally confirm, is that an organized bashing of oligarchs of Asian origin the West is in progress. Using typical Freud-type analysis, I’d say the bashing is very large-scale, with the Toyota- and Hyundai-bashing representing merely the tip of an iceberg, or better still a mere scratch in the skin surface.

My preliminary thought on the matter is that the Anglo-European oligarchy, led by the greedy financiers whose notoriety in looting the portfolio & derivatives markets led to the recent global financial meltdown, is calling it quits with their long-time partners from East Asia. The marriage is over, and so we better expect de-mergers and hostile take-over by the Western oligarchs of the assets and/or enterprises of their East Asian counterparts.

To recall, after the World War II, humanity was confronted with a new polarization forged as the Cold War between capitalism and communism. New spheres of influence have to be crafted pronto by the world powers, with the West securing Japan’s zaibatsu loyalty through sticks (force, de-militarizing Japan) and carrots (permitting Japan to achieve industrial prosperity, but subordinated to the West).

The zaibatsus (Japan), chaebols (Korea), emerging oligarchs of Taiwan and the Far East, zamindars (India), and more, or those landlord-gentry elites who were enticed to invest in industries and emerging commercial enterprise, sooner or later found no better recourse than to ally themselves with Anglo-European oligarchs (bankers, financiers, industrialists, rentiers) in order to preserve family wealth and elevate these to new levels.

Fast-forward to the 1980s, when the zaibatsus reached their peak of prestige brought about by the gigantic strides of Japanese firms, globalization became the buzz-word as Japanese technocrats cajoled the West into creating a borderless world economy. Zaibatsus thus made headway in their merger schemes with Anglo-European businesses, and nary a conglomerate in the West refused the sweet offers of the likes of Sony and Toyota to name some representative East Asian champions.

The last of such waves of mergers and ‘Asian offensives’ in the west saw the Indian tycoons such as Mittal investing heavily in the western backyards, and merging with western businesses when opportunities do open up (e.g. Mittal steel). Asian emerging markets’ own companies followed through this wave, with the likes of San Miguel Corp of the Philippines buying NatFood of Australia at one time (before reselling/divesting).

It seems that the ever-predatory financiers of the West will have nothing like a permanent alliance with the Asian taipans & nascent oligarchs. Just like in politics, there are no permanent friends or enemies among global corporate owners. What is nasty about the matter is that the western oligarchs are showing their fascistic, if not racist propensities too soon.

The Toyota-bashing will sooner or later find its equivalent in other industrial and commercial concerns. The goal of the western financiers is to eventually take over the eastern assets, such as what the Mittal steel exemplifies, where Lakshmi Mittal is but the nominal controlling shareholder of a steel giant that is actually now owned and controlled by the pals of George Soros & House of Rothschild.

Whether the zaibatsu-bashing will sooner or later lead to a crack in the Trilateral Commission—created by the same predators to consolidate the wealth and powers of the Northern oligarchs (West + Japan)—remains to be seen. The zaibatsus won’t take slights that easily, and surely enough they won’t take betrayals from their Western counterparts lightly.

The zaibatsus possess enormous quantities of precious wealth that the Western financiers (whose wealth is largely useless debt papers and bills) could only salivate upon: gold bullions. Such bullions were amassed by the Imperial Japanese state in Asia during the heydays of militarist onslaughts (‘36-‘45). Stashed safely inside underground bunkers and cross-island tunnels, they were utilized to bankroll the industrialization of Japan (by zaibatsus, with Emperor Hirohito’s blessings). These must must be worth hundreds of trillions of dollars today, if we estimate them to be at least two (2) million tons.

Whereas the western financiers cannot operate alone as they have to collaborate with each other (e.g. Venetian, Dutch, German, English financiers coming together in gigantic trusts), the zaibatsus can go it alone and wage business offensives using their enormous assets. The same zaibatsus can also finance wars so facilely, such as they’ve done for the USA’s wars in Iraq (early 90s & 2001-02).

The zaibatsus can always choose to go their own way, foment new militarism in Japan, and create a new sphere of influence that can rival the western powers’ (if one can call bankrupt states in the West as powers). Note that at this time, within a span of less than a year, Japan can create nukes arms and unleash its version of the Tesla Earthquake Machine (TEM), simply by employing networks of yakuza and global mafia families to get their WMDs to terror groups, while reserving their own military assets for more ambitious confrontations.

How the latest brickbats between the western oligarchs and zaibatsu-Asians will figure in the forthcoming Philippine elections is something worth observing by strategic research analysts. Whether the Philippines remains in the sphere of influence of the western oligarchy, or move closer to zaibatsu orbit via covert maneuverings, will be contended in the next polls.

The Philippines may decide to install a nationalist government, and stay clear from the line of fire between two potential oligarchic adversaries. And, hopefully, the new government in Manila will sharpen its observation of changing oligarchic templates, and position itself to forge the ASEAN into a regional power later free from encumbrances with the aforesaid contending oligarchic factions.

[Philippines, 23 March 2010]

WILL ZAIBATSU OFFENSIVE BE ACCOMPANIED BY NEW JAPANESE MILITARISM?

November 19, 2008

Erle Frayne Argonza

In a previous article, this writer articulated the success of the Japanese Zaibatsu offensive. As one ought to realize, the success of the Zaibatsu offensive came at the expense of other markets, notably the North’s. Intellectually bankrupt as they are, the policy makers and technocrats of the North never foresaw the catastrophic consequences of predatory policies more so those concerning finance that came from their Japanese partners.

Today, Zaibatsus are well prepositioned across the globe, and it doesn’t matter anymore whether their headquarters will still be based in Japan. They have already fanned out beyond their boundaries, thanks to gullible states and market players in host countries that aren’t equipped to read the psyche of their Japanese partners. Japanese market presenters carry the mien of humble partners who bow in deep respect before you during business meetings, so who could ever suspect the rather cold-blooded nature of such gestures.

What the world must observe with greater focus these days, when global fascism is rising, is the resurgence of Japanese militarism. It may come in the form of ultra-nationalism, or ultra-conservatism, and may have nothing of the ‘Hail Emperor’ mantra of the previous Empire. But seeing the rise of predatory Zaibatsus, focused observers can never miss out on the possibility that the economic offensive may be accompanied, at some juncture of global economic crisis, by a very resurgent militarism.

Japan was very badly isolated during and after the 2nd World War, and till the early 1970s its moves at extending cooperation came with enormous suspicion, more so from the Asians whose countries were “burned down to the ground” by invading Japanese military forces. There surely was a colossal repackaging of Japan’s image, from wartime arrogance to new era peace-loving and humble advocate. To prove their sincerity, they even crafted their new constitution such that offensive forces were banned and only defensive military forces allowed.

No one ever heard of Japan getting involved in the arms race for many decades, and till these days the mindsets of somnambulistic folks tend to regard the Japan of the present as the peacenik country of post-war yesteryears. Even my old folks, who suffered miserably from the cruelties of Japanese forces during the war, have come to forgive Japan, though they still harbor the pains during moments of reminiscing.

The peacenik image is a product of its own context, this one must be reminded about. Japan was in high growth for many decades, than it matured onwards till it reached consumer society proportions around the 1980s. Then came the ‘globalization’ voodoo economics, and the rest was history.

That was then. The situation now is different. The global economy is crashing down, the plunge still hasn’t ceased, and the EU-USA experts just couldn’t learn from Japan’s ‘bailout’ mistakes. As the economy falters, anxieties arise within a country, and tensions across borders will increase. Superstition and groupthought (fascism) are rising, and before long we will see the fireworks of another world war ensued in the hottest spots of the globe.

EU-USA (West) and Japan (East), which comprise the pillars of the global economy, are now on the decline. If we study the behavior of their peoples well, whenever they experience severe crises, they undertake wars as  strategy to release or canalize collective anxieties. They identify a Bogey Man (e.g. Nazi’s identified the Jews, North Americans identified the Southern slave owners during the US civil war,…), and then transfer their internal anxieties and defects on the Bogey Man, and war ensues.

Such economic pillars just seem unable to manage their decline without taking down others. This is classic binary mindset, destructive and demonic. Such mindset is responsible for using nuclear arms, regarding the casualties  on their perceived enemies thereafter as mere statistics. And East Asia better prepare for the eventuality that this mindset will become dominant again in Japan in the short run.  

Demented minds in Japan have two (2) bogey men today: (a) North Koreans  and (b) Chinese. As this is happening, events have already shown the preparedness of Japan to mobilize its troops for missions outside the borders (e.g. Iraq war). Japan also possesses the technical capabilities to produce weapons of mass destruction such as nukes and probably the Tesla Earthquake Machine or TEM.  

Intelligence reports have it that Japan is capable of constructing WMDs and manufacturing new series military vehicles (e.g. aircraft carriers) in just less than a year upon call to action. We wouldn’t be surprised if we receive further intelligence information that such WMDs and vehicles are in fact already in place, needing supplementation in quantities and troop mobilizations.

It need not be overstressed that Zaibatsus are awash with money to fund militaristic or Banzai offensives for sustained periods. They already demonstrated this, during the Gulf War and Iraq War, when their coffers coughed up large sums by the tens of billions of dollars to pay the bills for the offensives while the USA provided the main attack hardware and human ‘warm bodies’ (like they were the Hessian Troops of the global oligarchs).

If ever that the USA-EU would fall into a state of totalitarian governance (police state, fascism), and Japan would follow along that direction, then chances are high that the North Atlantic Alliance (USA-EU) and Japan would form a new Axis Powers alliance. The North Atlantic powers would constitute the Western flank, while Japan would comprise the Eastern flank of the alliance.

It will be déjà vu for sure. If indeed such is the direction. Peace advocates still have time to scuttle new treaties up north that could redound to concentrating enormous powers in central governments that are undisguised fascist police states. There is still time, but time is now short.

Before long, Japanese slogans of Banzai! will be heard again across the Pacific. Just by hearing it, or reading it on the papers and TV, many middle class Asians will die of heart attacks. Let us just hope that it will only be a slogan of marginalized mad people in Japan and nothing more.

[Writ 15 November 2008, Quezon City, MetroManila.]

ZAIBATSU GLOBALIZATION ‘VOODOO ECONOMICS’ BOWING OUT

November 15, 2008

Erle Frayne Argonza

Magandang hapon! Good afternoon!

 

Let me share to you at this moment some notes regarding the ‘globalization’ experiment and the flawed policies that sustained it. There has been much ballyhoo about the global economy’s integration, over the last three (3) decades, as having been carved out supposedly by the Anglo-Saxon policy architects, using Thatcher & Reagan as the face for the ‘neo-liberal’ policy regime they installed.

 

Little do peoples across the globe, including experts who are so mired in their own parochial perspectives, know that the liberalization of country economies has a great deal to do with the Zaibatsu offensive. The West should better accept the facts: that their technocrats and policy shapers have run out of fresh ideas since the 1970s onwards (i.e. mentally bankrupt), a gap that they filled up by looking up to Japan and the NICs (newly industrializing countries) for copycat purposes.

 

Reaganomics, as neo-liberal policies of ‘privatization’ was dubbed (Thatcher of the UK preceded Reagan by a year), is as voodoo as one can get, seductive as any enchanting mantra-resonating principle can be, and was indeed potent in erasing the vestiges of the Regulated Economics doctrines that preceded the era. In the emerging markets, they were dubbed as ‘structural adjustment policies’ or SAPs, were imposed by the IMF-World Bank Group on debtor nations, and can be summed up as follows:

 

·        Core principles: Privatization, Liberalization, Deregulation

·        Subsidiary Principles: Tax reforms, trade liberalization, free floating exchange rates, diminished state subsidies for welfare, increased utility prices (revenue generation)

·        Governance Principle: Decentralization (local government autonomy)

 

Such policy reform measures, as far as developing countries or DCs were concerned, came in as very harsh, cruel ‘austerity measures’ imposed by the IMF. We citizens from the ‘margins’ can never forget these measures, the pauperization that they effected, the dislocation of marginal producers, the decline of health services and rise of morbidity rates, and so on. In the Philippines, our very own capital goods industries were either delayed or un-implementable (such as integrated steel), as the money allocated for their purposes simply dried as dictated by the World Bank.

 

But there’s another set of policy architecture that wasn’t Anglo-Saxon, and didn’t receive their inspiration from the classicists (Smith, Ricardo) and the monetarists (Friedman, Hayek). This set of liberalization policies came from Zaibatsu country, and were crafted by Japanese technocrats. Not only policies, but also institutions were addressed by them, giving rise to the globalized economy that we have today.

Chief among those technocrats was Kenichi Ohmae, who in the 1980s was a think-tank executive. Further down the line were many other technocrats, who were organically linked to the Zaibatsus (landlord-industrialist-financier oligarchs), taking up cudgels for Ohmae.

Globalization, as one better realize, was never meant as any ‘win/win’ formula for nation-states in the arena of international trade as the liberal thinkers came to defend it later. It was outright a strategy to pre-position Zaibatsu corporate interests outside of Japan, notably the U.S. and European markets.  

At that time of conceptualization, Zaibatsus have already efficaciously penetrated the Asian markets, and had leveraged their investments’ entry via aid and technical knowledge diffusion (including sponsoring Developing Country scholars in Japanese universities & special institutes). The old doctrine of ‘Asia Co-prosperity sphere’ was finally won, without firing a shot this time (unlike Imperial Japan era expansionism).

In the 1980s, the clamor for mooring investments and trade in the Western markets became ever stronger. The offensive tactic adapted was rather two-pronged, which made the new voodoo mantra even more potent:

·        On the micro-level, permeate other markets with new concepts such as ‘Theory Z’ (decentralized authority, see W. Ouichi), total quality management or TQM, new tools for strategic planning, mergers and de-mergers. Till these days, the tools are considered sacrosanct in all sectors of society, including the Catholic Church that now uses ‘bottom-up’ planning added to strategic planning (my observations done in 2001-02 in a California diocese).

 

·        On the macro-level, blend  the Reagan-Thatcher ‘structural adjustments’ with the ‘globalization’ doctrine. The Zaibatsu technocrats fanned out across the globe, some of whom were positioned inside international bodies, and sweetened liberalization via a supposedly ‘win/win’ growth strategy for participating countries. This brilliant blending, which Western thinkers didn’t perceive at all as any subtle tactic by a predatory class (Zaibatsu), soon caught up fire and became buzz word for nigh three decades.  

Before long, the Japan Inc. was being bandied across the globe as worth any country’s emulation. Southeast Asia and Korea went for it. Even the former presidents of the USA admired the Japanese Inc. doctrine of renewed private initiatives and shift from macro- to micro-economics as stabilization and growth measure. Bill Clinton of the USA spoke so fondly of ‘globalization’ like some captive fan of an economic icon, and moved to negotiate the NAFTA.

Little do unsuspecting, gullible peoples across the planet, more so the policy experts of the West, realize that the Japanese voodoo economics was largely intended to permit Zaibatsu investments to breed and morph inside their economies. Using merger and buy-in tactics, the Zaibatsu agents made it appear that their sponsors came in for benign purposes or so. If there is any group in the world today that is enjoying its last laugh, it is the Japanese militarists of the past, who finally saw the success of their nation’s offensives and the decline of the West via ‘organized chaos’.

Around 1994, the magic of the Japan Inc. began to cramble. Recession came, and before long many banks and investment houses were catching fire. That was the origin of the bankrupt and immoral Bush-Paulson ‘bailout’, which began with the ‘crisis management’ tactic in Japan to save ailing banks and financial institutions. Eventually, Zaibatsu technocrats were forced to revive the Western tool of ‘interest rates’ intervention, to the extent of bringing down interest rates to zero percent and sustaining it there for many years.

There also came that moment, in the late 1990s through 2006, when Zaibatsu financiers suddenly were so awash with funds (liquidities), at a time when Western economies reached low growths. The ‘yen initiative’ package was therefore conceptualized as another last-ditch voodoo tactic, which was implemented by loaning out large funds at zero or low interest, which Western financiers than re-loaned at profitable interest rates. Many such funds reached the USA& EU realty subprime mortgage markets, to recall. Again, note the seemingly benign nature of the financial gesture.

Just as when the realty markets were beginning to sneeze in America, the last voodoo measure was pulled out. The ‘crisis management’ was already folded up earlier, as Japan’s economic growth was propelled up anew by the Asian markets notably China’s. Just as when USA & EU needed the Zaibatsu loans very badly, and ditto for portfolio investments, they were pulled out, thus ensuring the crash of both economies.

Japananese voodoo economics is now bowing out, as the compass of policy initiatives at present is pointing to the reconstruction of macro-economic, New Deal type measures intended to attack problems both on short-term (bail out on productive sectors) and long-term basis (induce physical economy rather than predatory finance). But the withdrawal of the voodoo regime is not being done without witnessing its catastrophic results.

That’s surely tragic for the West or North. I wonder how Zaibatsus & technocrats perceive peoples outside their borders: whether they regard the latter as human beings worth co-partnering with, or as hungry lizards that must subsist on crumbs of investments & finance from Japan that have been buttressed by enormous tons of gold acquired through production and plunder of occupied lands, across the 2,000 years of Japan’s existence from kingdom to nation.

Honestly, I don’t know the answer. But if the Zaibatsus are receiving flaks from outside their borders, it wouldn’t be a surprise. There are no more borders for Zaibatsus by the way, just an entire planet with seamless web, cocooned in all corners by their corporate money.  

[Writ 14 November 2008, Quezon City, MetroManila]