His " gold buy-and-hold thesis" has been firing on all cylinders since 2001. Clearly he 'gets' economics, so it's no surprise that, except for a little bit of philo-semitic coloring [what's wrong with "radical social reform along racial lines" for White folks anyway, as opposed to, say, Israelis?], he understands that our New Asian Overlords, free of Jews, are finishing the work Hitler started. Think where we could have been if he had been allowed to succeed back then, and Rosenfeld's bunglers [whose false solutions to pseudo-problems still define the field of public discourse] had been sent back to Bialystock!
This year younger, more liberal, American and European educated Chinese leaders face off against the conservative old guard that rose to power after Mao. In the balance is the future of China's economic model based as it is on a combination of mercantilism, central planning, and finance-economics within the repressive political cauldron of totalitarianism. China's form of state-directed capitalism [is] unique in history except perhaps for Nazi Germany in the 1930s. The rapid recovery of Germany under Nazi rule far outpaced the US in the 1930s. The relatively swift recovery motivated US and British industrialists to pour capital into Germany, much as US and European investors giddily shovel capital into communist China. They chose to compartmentalize Hitler's promise of radical social reform along racial lines as an awkward atom in an otherwise promising political and economic molecule. ... Had the Nazis not been murderous, racist megalomaniacs [!] then perhaps a kinder, gentler form of Germany's state-directed capitalism could, in theory, have evolved to unite Europe and out-compete the US decades before the European Union.
"For a concise, readable summary of iTulip concepts developed over the past 12 years and a vision of a challenging next decade and how to navigate it, read Eric Janszen's 2010 book The Postcatastrophe Economy: Rebuilding America and Avoiding the Next Bubble
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http://www.paecon.net/PAEReview/issue23/Locke23.htm
Japan, Refutation of Neoliberalism
Robert Locke
No-one wants to talk about Japan these days. The conventional wisdom is that the bloom went off Japan’s economic rose around 1990 and that the utter superiority of neoliberal capitalism was vindicated by the strong performance of the American economy during the 1990s. Furthermore, everyone is now convinced that China – whose economy is 1/8 the size of Japan’s – is the rising economic power and therefore the appropriate object of attention.
But Japan is, despite everything, still one of the master keys to understanding the future of the world economy, because Japan is the clearest case study of why neoliberalism is false. Simply put, Japan has done almost everything wrong by neoliberal standards and yet is indisputably the second-richest nation in the world.
This doesn’t mean that neoliberalism is wholly meritless as an economic theory or as a development strategy, but it does mean that its claim to be the only path to prosperity has been empirically falsified. Japan’s economy is highly regulated, centrally-planned by the state, and often contemptuous of free markets. But it has thrived.
What follows is for space reasons necessarily a sketch and exceptions, subtleties, and refinements have been left out. Facts have been homogenized and caricatured to make structural fundamentals clear. But a reader who bears this in mind will not be misled, as detail analyses are available elsewhere.
Are We Lied to About Japan?
Contrary to popular opinion, Japan has been doing very well lately, despite the interests that wish to depict her as an economic mess.
The illusion of her failure is used by globalists and other neoliberals to discourage Westerners, particularly Americans, from even caring about Japan’s economic policies, let alone learning from them. It has been encouraged by the Japanese government as a way to get foreigners to stop pressing for changes in its neo-mercantilist trade policies. It has been propagated by corporate interests who gain from free-trade extremism with respect to Japan. And it is promoted by ideologues committed to the delusion that only a laissez-faire economy can prosper.
http://www.paecon.net/PAEReview/issue23/Locke23.htm
Anon,
Yes, excellent cross reference, exactly what I had in mind. PAR is an excellent resource, but may I point out that I read that article at Counter-Currents, where everyone should visit every day!
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