Based on a book by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash during which the stock market dropped by 80% and house prices by up to 84%, This film uncovers how the Bank of Japan pumped up and then crashed the Japanese economy, with an aim of justifying the complete remodelling of the Japanese economy. Today, what happened in Japan 25 years ago is repeating itself in Europe, with an aim of centralizing power in the Eurozone.

  • Iskender
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    4 years ago

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    • @Shaggy0291OPM
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      4 years ago

      That was just a full blown shakedown by Germany and the ECB to enforce austerity policies on the country, as there are internal controls on the EU that are enforced in order to keep everyone on the same page with the Euro and Greece tried to deviate from those controls in order to prevent stark economic contraction in the wake of the 2008 global financial crisis. The Germans were upfront in their effort to break the Greek Syriza government and have it deviate from it’s democratic mandate to get them back on side with the ECB’s Euro requirements, and they succeeded.

      This is essentially the story of how Japan’s economy was intentionally sabotaged by a generation of American educated Japanese economists for the sake of neo-liberal ideology and US foreign policy. The adapted Japanese “war economy” system was wildly successful in the post war period, taking a tattered and war torn country and rapidly redeveloping it into the 2nd largest economy in the world, largely off the back of an extremely dynamic export economy driven by a form of economic planning known as “window guidance”. The Japanese finance ministry essentially had all kinds of authority and power over the development of the economy and the bank of Japan was beholden to their mandate. This all changed when this new generation of neo-liberal “princes” set out to engineer a crisis so they could justify a radical shift in the country’s economic model so it was more in line with American free market capitalism. In essence, this documentary charts the true cause of the Japanese economic crash and one of the biggest root causes of it’s economic stagnancy ever since.

      • Iskender
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        • @Shaggy0291OPM
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          24 years ago

          No problem my guy. These documentaries are powerful examples of exactly how imperialism and international capital works. I feel like it’s crucial that we internalise these kinds of events in our minds so we can sharpen our understanding of how the capitalist world works in practice. The examples of events like this, the 2008 financial crisis etc are some of the most powerful things we can cite to people when making the case for Marxism in the 21st century. If nothing else, it powerfully demonstrates the deep structural flaws and injustices of the current world order.

          • Iskender
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