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Kishida yet to deliver on promise to create new form of capitalism

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The Unificatiin Church owns the Japanese capitali

3 ( +15 / -12 )

Prime Minister Fumio Kishida ....has yet to deliver on his promise to create a new form of capitalism.

Of course he has. There was never any intention of actually doing anything, he just needed a catchy pie-in-the-sky slogan for the LDP presidential election.

9 ( +18 / -9 )

Will it be a 'great reset'?

1 ( +7 / -6 )

It’s not so difficult as it looks like. New capitalism is new growth at all costs, because also capitalism is nothing else than growth at all costs. That means initiating a new bubble economy by using the tons of printed money. Until now they only filled some upper top glasses of the champagne glasses tower while the most glasses under them have tried out completely. And I don’t mean pouring champagne until a few drops reach the bottom glasses, half-hearted tax reductions or cash handouts that are too low to live from and too high to die from. No the whole room with the glasses tower has to filled with champagne, so to say. That even hasn’t to be real cash , landing only in pachinko parlors, izakaya or Ginza fashion stores. No, it also could be coupon based or bound to the target goals. For example, support for young couples that they can afford children, school lunches, educational coupons to be used for expensive books or courses on IT, AI, robotics, genetics, pharmacy, development of integrated circuits , GX technology etc. In short words, it first needs to take a massive amount of money into hands that reaches everyone but only can be used for the policy targets, so that in midterm timeframes new research , innovations and products can be developed and sold inside Japan and on the global markets. Then this new bubble or new capitalism can also easily pay back all the former money that has been needed to initiate this process. Continuing with Abe policy and only giving big presents to those pampered ones who already swam in money before, that just will lead into nothing. And no, it has nothing or not much to do with corona, Ukraine war and all that. It depends only on willpower and speed, because it’s becoming less effective if other countries copycat this method. To become number one or two again, Japan must be quick , set the wanted priorities and then helicopter and allocate all those amounts of money.

-4 ( +3 / -7 )

Any surprised there on not delivering his promises? The late Abe hadn't delivered on his 3 arrows after 9 years so why do people think Kishida is any different?

6 ( +12 / -6 )

so why do people think Kishida is any different?

Because there’s no other option if wanting to have a future, that he is or soon turns out to be quite much different.

-3 ( +1 / -4 )

I'm not so sure he understood much about the old one, so he's going to struggle the new version.

1 ( +5 / -4 )

As long as the PM, any PM, is beholden/fear of lack of support from other factions/afraid of losing the next election/kick out etc, etc.

The job of running the country well, make life better for the public, really change things around etc, etc, sadly will never happen.

3 ( +6 / -3 )

Kishida yet to deliver on promise to create new form of capitalism

And he never will. New Capitalism=More trickle down Abenomics.

Kishida's government has taken a spate of measures to soften the blow to consumers from inflation, including providing subsidies to oil wholesalers to lower retail gasoline and kerosene prices.

Case in point.

Let's give taxpayer money to companies with an 'urge' that maybe they should pass on some of the benefits to the populace,

Which without fail never occurs

Voila! New Capitalism!!!

0 ( +7 / -7 )

New capitalism can only be cashless, cryptocurrencies which take all control out of the hands of the people and in the hands of the government.

0 ( +4 / -4 )

Sven AsaiToday  05:47 pm JST

"so why do people think Kishida is any different?"

Because there’s no other option if wanting to have a future, that he is or soon turns out to be quite much different.

I understand glimmers of optimism because it's a new person taking over, but Kishida is still an LDP apparachik who owes his position to family money and connections, and not annoying influential LDP corporate supporters by rocking the boat with anything like real wealth distribution.

3 ( +4 / -1 )

So, new form of capitalism, a new world order for the first time in the post-cold war era, ensuring a stabilized economy, raising wages... I'm just surprised he didn't give the Kishida-swear to cure cancer, get back all the North Korean abductees, lower temperatures around the world, personally father enough people to stop the declining population, colonize other planets, and even deliver presents to all the children of the world on December 24th. But those other things can be done easily... it's the raise in wages and things that could help the people here that "take time" and need to be focused on with vague plans if any first.

-7 ( +2 / -9 )

Did anyone notice that tehre are two!! Two!! Women in teh new cabinet ;-) so what do you expect from an LDP man?!

-2 ( +3 / -5 )

Did anyone notice that tehre are two!! Two!! Women in teh new cabinet ;-) "

Well, if one needs to take a break , there needs to be someone to serve tea to the old boys. Two is the perfect number in the LDP handbook.

-4 ( +4 / -8 )

smithinjapanToday  07:21 pm JST

... it's the raise in wages and things that could help the people here that "take time" and need to be focused on with vague plans if any first.

Of course, those kinds of things run counter to the interests of the people who take LDP politicians out to golf courses and expensive restaurants, pay their election campaign bills and get their employees to vote for those politicians.

-2 ( +2 / -4 )

Lol can they give us a definition of "new capitalism" because under Abe it was cronyism.

"new global order"

Well I am sure the WEF will be more than supportive of pursuing that goal with him.

Still pushing the old "Ukraine caused inflation" trope let's not forget that the current BOJ policy is what's inflating the economy sure some of that was energy cists caused by the war but the endless yield curve control and nationalising ownership of stocks and bonds isn't very capitalistic either.

He might want to scrap that policy whilst he's at it, not to mention that Japan is the most indebted nation in the world on a per person basis. I am pretty sure they are happy having the Japanese people stuck as perpetuall wage slaves in servitude, indebted up to their eyeballs, it makes them easier to manipulate and they don't notice the only ones holding all the collateral are the heads of big business and the politicians that prop them up.

Come on people wake up.

5 ( +8 / -3 )

Hilarious

-6 ( +0 / -6 )

You can’t make a new capitalism with old people. Just a hint.

3 ( +6 / -3 )

Japan has been slowly sliding into poverty for 30 years. The starting salary of somebody with a bachelor's degree is half of what it is on North America and the average household income in Tokyo is half of what the average household income is in the province of Alberta; half.

-2 ( +5 / -7 )

Every politician makes promises and they all make good on ONE THING and that is DOING NOTHING! There goes their promise!

3 ( +3 / -0 )

Kishida yet to deliver on promise to create new form of capitalism

It must be hard to do all that when you have to deal with protecting your people from unfriendly neighbors firing missiles at your people, a certain communist neighbor who keeps coming up with viruses ( and sending their virus-infected people by the planeloads over here,,,and the latest one (virus) being related to shrews), chicoms stealing your latest tech know-how, manufacturing secrets, etc. etc. As well as a low birth rate AND an aging population.

-2 ( +1 / -3 )

Is increased "productivity" a required part of the plan? All those lazy women not having twins and triplet must be to blame.

Or is a cashless society part of it?

Or higher taxes for everyone.

Remember, the masks from the prior leader? 1 mask per person. Brilliant.

Creating a new form of capitalism shouldn't take more than a few speeches, after all.

/s

2 ( +2 / -0 )

WesleyToday  03:21 am JST

Kishida yet to deliver on promise to create new form of capitalism

It must be hard to do all that when you have to deal with protecting your people from unfriendly neighbors firing missiles at your people, a certain communist neighbor who keeps coming up with viruses ( and sending their virus-infected people by the planeloads over here,,,and the latest one (virus) being related to shrews), chicoms stealing your latest tech know-how, manufacturing secrets, etc. etc.

Right, of course! Blame other countries.

As well as a low birth rate AND an aging population.

Kishida's LDP predecessors have had about seven decades to see those problems coming and do something about them. They didn't, because the LDP does not have the collective will to take actions that it sees as detrimental to the personal interests of its legislators and supporters.

-3 ( +0 / -3 )

szero25Aug. 11  08:02 pm JST

Lol can they give us a definition of "new capitalism" because under Abe it was cronyism.

This handful of people down voting comments like this, they don't have much to say for themselves, do they. Just goes to show that the government is pretty much indefensible.

2 ( +2 / -0 )

Should try capitalism without having the government stick its fingers so deeply in the pie.

That would be new, and produce better results than the typical central planning approach that never worked as well as more free market economies, anywhere.

Kishida should take a leaf out of Oda Nobanaga’s economic playbook, if he needs Japanese inspiration.

0 ( +0 / -0 )

Kishida should take a leaf out of Oda Nobanaga’s economic playbook, if he needs Japanese inspiration.

Absolutely.

The neo-liberal endgame has always been neo-feudalism.

-2 ( +0 / -2 )

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