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.
“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!
I guess its too late for the gov to back off and let free enterprise do its thing
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
“Man, it’s a good thing we nationalized all those years ago, really helped us out of a jam” said nobody ever.
Fascism never prospers. Never.
You would think we in this country would have learned, but we haven't. We are drinking increasing amounts of the same old snake oil. If we continue to gulp it, we will end in being fatally bitten with the same old viper's poison.
That ideological and social poison we are pumping into our veins - like heroin - is simply too alluring and addictive for politicians and the ObamaPhone voters to resist.
This will not end well.
“Japan plans ‘nationalisation’ of factories to save industry”
fiscal cliff deal....U.S. Federal pensions and retirements (i.e. fiscal cliff deal) to save DUN “Dow Un-Industrial”
These are the ideas that lead to war.