Chapter 30 "Government Incompetence" Caused by "IQ Decline"

At the moment, the decline in the Japanese stock market has not stopped. After all, as the economic situation in the United States continues to deteriorate, the pressure on Japan is also increasing. In March 2008, the Ministry of Economy, Trade and Industry announced in the monthly economic report that "the economic recovery has reached a certain level", which shows that they have realized that the economy will not recover, which means that the economic situation will go backwards in the future. But let me say, it should be called a "government depression", which means that it is a depression created by the "government".

The term "government depression" was first used by me 15 years ago in "Digital Business Models" to point out that "the reason for the depression in the financial market is the officials of the Ministry of Finance". It is sad that after 15 years I have to explain "government depression" again.Why do I think so, let me explain below. On the one hand, as mentioned earlier, Japan's attitude towards foreign investment is very indifferent. Steel Partners is not the only example of this, as in the case of British investment fund The Children's Investment Fund (TCI) buying a stake in J-Power, and Australian financial firm Macquarie Group buying Japanese airports In the case of Airport Tower, the performance of the Japanese government was equally poor.They regard investment as "predation" and are always vigilant.The shareholder's proposal is completely negative. If this continues, don't expect the Japanese economy to rely on the expansion of foreign investment to accelerate development.

On the other hand, the government often says better than it does. The Ministry of Economy, Trade and Industry said that "we must strengthen the introduction of foreign capital." Prime Minister Fukuda also said at the Davos Forum in early 2008: "Japan is carrying out investment, trade procedures, Reforms in the financial capital market and other aspects, Japan must achieve synchronous development with the world." But the subsequent behavior runs counter to these words. This makes other countries see that the Japanese government is very dishonest, and I can only say that the Japanese government "doesn't think about problems at all."

In fact, reports pointing to these symptoms have already been published in Newsweek.In the article "This Nation Is an Island" (This Nation Is an Island), the author pointed out that Japan is now not only an island country in the geographical sense, but also an isolated island country in the global economy; Japan has entered the The second era of lockdown.I deeply regret this, and I have to admit that this is the case. I have been advocating a "borderless economy" for a long time, but Japan is still far from this goal. Japan now lacks the most basic global awareness.