politics

Diet passes economic security bill

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A nonbinding resolution was added to the bill stating that the independence of business activities shall be respected.

Excellent misdirection again by Kyodo.

Public funds being handed out to private businesses whose shareholders will reap all the profits is not the issue.

The businesses are concerned this largesse will come with some strings attached and they may have to alter their course of operation, so the government has to assure them: Don't worry! These are gifts from the taxpayers!

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this is good. in a world where countries rely more on statecraft (trade restrictions, sanctions, cyber attacks, boycotts, etc.), this is, I think, a move that will insulate Japan from skullduggery. On the flipside, I see other countries criticizing this as a protectionist move and will likely make their own similar laws, essentially countries building up economic walls against each other.

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Incidentally, 'to get a patent, technical information about the invention must be disclosed to the public in a patent application'. https://www.wipo.int/patents/en/faq_patents.html

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This may lock Japan out of international talent. Some folk will not want to work within the restrictions, whilst others will be excluded simply because of where they were born. And there will be reciprocation by other nations, so stuff will have to be done multiple times in multiple nations rather than once and globally shared. This sort of thing also reduces the chances of having global standards, which is the easiest way to wreck the internet.

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