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Japan plans 'nationalisation' of factories to save industry
The Telegraph ^ | 1-1-13 | Ambrose Evans–Pritchard

Posted on 01/02/2013 6:04:09 AM PST by dynachrome

Japan's government is to take the unprecedented step of buying factories and machinery directly with taxpayer funds, the latest in a series of radical steps to lift the country out of its deep slump.

Premier Shenzo Abe is to spend up to one trillion yen (£7.1bn) buying plant in the electronics, equipment, and carbon fibre industries to force the pace of investment, according to Nikkei news.

The disclosure came just a day after Mr Abe vowed to revive Japan's nuclear industry with a fresh generation of reactors, insisting that they would be "completely different" from the Fukishima Daiichi technology.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; Japan; News/Current Events
KEYWORDS: business; japan; nationalisation
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Obozo is taking notes
1 posted on 01/02/2013 6:04:16 AM PST by dynachrome
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To: dynachrome

I’m sure this will end well. /s


2 posted on 01/02/2013 6:07:37 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: bruinbirdman

ping


3 posted on 01/02/2013 6:07:47 AM PST by dynachrome (Vertrou in God en die Mauser)
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To: dynachrome

At least the Japs have an electronics industry to save...


4 posted on 01/02/2013 6:09:08 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: dynachrome
The disclosure came just a day after Mr Abe vowed to revive Japan's nuclear industry with a fresh generation of reactors, insisting that they would be "completely different" from the Fukishima Daiichi technology.

Ya, sure thing.

5 posted on 01/02/2013 6:10:13 AM PST by Wolfie
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To: dynachrome
The solution to the ills wrought by Socialism is always more Socialism.

This will not end well.

6 posted on 01/02/2013 6:12:35 AM PST by Bon mots (Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
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To: dynachrome

They do remember that government control of everything never ends well, just that either they believe they can do it better, or bury that piece of historical fact.


7 posted on 01/02/2013 6:12:52 AM PST by wastedyears (My life mostly completely turned around in a few weeks. Now to leave NY...)
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To: dynachrome

All around the world, people are looking at ruined economies and massive amounts of government debt and coming to the conclusion: “Capitalism doesn’t work. We need more central planning.”

Of course, the reality is that it’s all a power-grab. They’ve ruined everything on purpose so that they can justify enslaving the peasants.We are going back to a pre-modern way of shaping society: the future will be composed of nobles and serfs.


8 posted on 01/02/2013 6:13:41 AM PST by ClearCase_guy (Nothing will change until after the war.)
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To: dynachrome

Great News! Now we don’t have to worry about “Industrial Fortress Japan” any more.


9 posted on 01/02/2013 6:15:01 AM PST by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: Wolfie

Wish them better luck than they’re having at Vogtle.


10 posted on 01/02/2013 6:16:26 AM PST by Eric in the Ozarks (In the game of life, there are no betting limits)
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To: Bon mots

It worked soooo wellll in USSR.
So in Cuba, Venezuela, N Korea, just go there on learning trip.
Sheeeesh!!!!


11 posted on 01/02/2013 6:17:10 AM PST by Leo Carpathian (FReeeeepissed)
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To: dynachrome

“Premier Shenzo Abe is to spend up to one trillion yen...to force the pace of investment, according to Nikkei news.

Output shrank 0.9pc in the third quarter and industrial production has fallen 3.3pc over the past two months, made worse by a boycott of Japanese goods in China over the Diaoyu/Senkaku islands row. Exports to China fell 38pc in November.”

Now that the Japanese Central Gubment owns these plants...China will HAVE to buy Japanese products.

I guess Japan just showed China!


12 posted on 01/02/2013 6:25:38 AM PST by moovova
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To: Eric in the Ozarks

What’s going on at Vogtle that has you concerned?


13 posted on 01/02/2013 6:28:23 AM PST by kidd
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To: dynachrome
Buy the backbone of Japanese industry out from under the Japanese people, with their own money, and have government bureaucrats run it.
Lousy idea. Nothing good will come of this.

14 posted on 01/02/2013 6:31:03 AM PST by BitWielder1 (Corporate Profits are better than Government Waste)
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To: dynachrome

I guess its too late for the gov to back off and let free enterprise do its thing


15 posted on 01/02/2013 6:38:02 AM PST by WorkerbeeCitizen (reasonable gun control is hitting what you aim for)
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To: kidd
WSJ reported the new nuke being built by Southern Company (utility) with new modular construction is likely to be two to four years behind schedule.

The report says the construction team, run by Shaw Group at Lake Charles, LA., and Westinghouse have been found to have shoddy welding issues and multiple revisions in design, resulting in a series of lawsuits amongst the construction partners and the utility company owners, now running in the $900 million range.

16 posted on 01/02/2013 6:41:05 AM PST by Eric in the Ozarks (In the game of life, there are no betting limits)
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To: dynachrome

Those factories will be needed real soon. Just converted to produce goodies that kill other humans.

Its mans remedy or Gods. So get ready for ww3 because some of it will be fought here in the USA just like Oboma “said” when he played Abe Lincoln the murdering tyrant


17 posted on 01/02/2013 6:47:40 AM PST by winodog (Thank you Jesus for the calm in my life)
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To: dynachrome
The Japanese have no ethnic strife, no racial strife. They are 100% Japanese over there. A such they have a lot better chance of pulling this off in a fair and rational way with minimal kickbacks and corruption. If this keeps more industry and jobs at home then this is a great idea if it can be done relatively cheaply

Obviously the Nips believe in protecting home industry and don't buy into the myth of free trade that only stupid Americans and Europeans pledge allegiance to like it came from God

A good part of our current economic mess is due to not actively trying to keep industry in America. By throttling the EPA and giving incentives for industries to not go offshore to China etc  -----  If we still had these jobs there would be a lot fewer Obama voters and fewer moochers. People vote socialist when the capitalist economy lets them down. So all you free trade Freepers --- now you get Obama-Care and get to pay higher taxes to support these people because they flock to Obama style socialism and they vote for it

18 posted on 01/02/2013 6:49:18 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Bon mots; driftdiver; wastedyears

Why do people go for this? I understand politicians doing this, it increases their power, but why would voters go along with this? If this worked, then government should run everything and the Soviet Union would still be here and would be the wealthiest country on earth. Unbelievable.


19 posted on 01/02/2013 6:51:21 AM PST by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: dennisw

It isn’t Free Trade that’s driving manufacturing jobs overseas.

Massive corporate taxation, limitless legal vulnerability, crushing environmental regulation and pro-Union arbitrary Government: these are why industry chooses to locate away from the USA.

The protectionism that you favor would be the final nail in the coffin. The last vestiges of American industry would be turned into feather-bedded welfare cases, and freeborn Americans would be forced to buy their stuff from the Government store.

Protectionism would also increase Government power. The Democrats would collect all of that lovely tariff money and spend it on union pension bailouts or some damn thing.

America has tied its own hands behind its back with a ludicrous knot of EPA regulations, crushing taxation and arbitrary Government (just ask Gibson’s guitars).

America needs to untie those knots - not wrap itself up in more of them in a fit of misplaced faux-patriotic anger.

At least the upcoming increase in domestic natural gas production in the US will greatly improve American competitiveness.


20 posted on 01/02/2013 7:11:02 AM PST by agere_contra ("An unjust law ceases to be a law: it becomes an act of violence". Thomas Aquinas)
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