Skip to comments.Japan plans 'nationalisation' of factories to save industry
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 ...
I’m sure this will end well. /s
At least the Japs have an electronics industry to save...
Ya, sure thing.
This will not end well.
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.
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.
Great News! Now we don’t have to worry about “Industrial Fortress Japan” any more.
Wish them better luck than they’re having at Vogtle.
It worked soooo wellll in USSR.
So in Cuba, Venezuela, N Korea, just go there on learning trip.
“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!
What’s going on at Vogtle that has you concerned?
I guess its too late for the gov to back off and let free enterprise do its thing
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.
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
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
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.
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.