Japan is Finally Here!

***Due to my vacation, this will be my last post until September 10th :)***

The wait is over. Christina and I will be flying to Japan this week, and I feel like my Chihuahua when he hears the words “let’s go bye-bye!” The travel will be arduous, but I am trying to remember that you have to eat an elephant one bite at a time. The flight is a 13-hour red-eye which will probably leave me depleted – I am bringing some boring books and Benadryl which will hopefully help me sleep.

snakes-on-a-plane-how-the-hell-did-it-happen-7

 

As most of you know, I have been reading various texts on Japan to obtain a greater understanding and respect for this complicated country. My last book before heading off was an excellent summary of the history of Japan by Christopher Goto-Jones – Modern Japan: A Very Short Introduction. This book is actually one of many in Oxford’s Very Short Introductions series; each book tries to concisely address difficult topics. These books are similar to my Tackle the Library series *cue shameless plug*  except they are longer and dryer in nature. Nevertheless, I was able to get a comprehensive view of Japan from its feudal past to its post-modern present; Japan’s history is pertinent to Western readers because it shows how modernization can both destroy a culture and uniquely define national identity.

tokyo-livable

 

Today Japan is the third largest economy in the world with a population of nearly 130 million people – for context, Japan’s neighbor, Russia is the 12th ranked economy with a population of only 145 million inhabitants. Japan was not always a powerhouse of human resources, and it wasn’t long ago that it was completely isolated from the world. For 250 years, Japan had very little to do with the burgeoning powers of Europe and the United States. It wasn’t until 1853 that Japan was forced by the United States to sign a trading agreement – within 50 years of that date the entire country would undergo a political revolution, establish a new constitution, become an industrial economy, and begin a colonial empire.

an01368037_001_l

Japan was highly motivated to develop their country because of the “Unequal Treaties” which were Western treaties that viewed Japan as a backwater not worthy of fair trade. This view was partially accurate, but Japan was far from simplistic – by the 17th century, Tokyo was the largest city in the world and Japan had a sophisticated religious system that facilitated the famous samurai class and a revered Emperor. Suffice it to say, Japan in the 19th century was primed for development, and with Western technology, it shot off like a rocket into the “modern” age.

giphy4

At the turn of the 20th century, Japan was involved in a paradoxical policy of Imperialistic Anti-Imperialism. Confused? The Western countries were trying to dip their fingers into the honey pot of Asia – taking land from less developed societies in China, Korea, and Southeast Asia. Japan believed Asia should be in the hands of Asians and subsequently went to war with Russia, Korea, and China to secure their own holdings; they were extremely successful in these endeavors, and the Japanese began to get a taste for military power.

japaneseinvasion-1

By the time of WWI, Japan assisted the Allies and was given a seat for the Treaty of Versailles and the League of Nations. This “seat” was celebrated in Japan as a concrete symbol of their worldwide respect and modernity. All optimism was short-lived once Woodrow Wilson and the other Western nations decided that Japan would not have an equal voice. This “Western racism” highlighted to the Japanese that no matter how modern they became, they would be inferior because of their ethnicity and culture; this would lead to the conflicts of WWII in which the Japanese highlighted their national superiority.

 

giphy6

Following their hard-fought defeat in WWII, General MacArthur occupied Japan and modified their constitution: disbanding the military, adding a bill of rights, and transforming the role of the Emperor. In the 50’s Japan’s economy quickly rebounded thanks to the Korean War and by 1960 Japan was the world’s largest shipbuilder. The next 57 years followed a close line with the development of the United States – cars, technology, and the middle-class became the standard.

maxresdefault

Japan however to this day differs from other modern countries. Because of their early isolation and disrespect, Japan was determined to maintain their culture and their Emperor. With the US occupation post-WWII, Japan was able to stay out of the Cold War and invest in their country – leading to its cutting edge technology, education, and infrastructure. Japan’s forced pacifism has made it difficult for them to reconcile their past and to reconcile their place in the “post” modern world. With an aging population, an overworked middle class, and a technological-isolated youth the question for Japan today is defining what the “Japanese Dream” actually represents and how it is different than the “American Dream.”

Trump Economics?

Following the election of Trump, I became apolitical. My current view on politics is similar to my current view of the night sky – it is there but I only gaze up in wonder every now and again. I want Trump to do well because we should always root for our leaders to make the right decisions. However, it seems that whenever I do gaze up into the twinkling lights of Washington – I suddenly get a crick in my neck. In the past, I posted about Mike Rowe and his views on voting. Basically, he doesn’t think everyone should vote; only those individuals who are informed and educated enough to respect the privilege. In his article, he references a book that everyone should read to get a sound understanding of economic policy: Economics in One Lesson by Henry Hazlitt. Hazlitt wrote this book in 1946 and it has sold over 1 million copies in the past 70 years. Suffice it to say, this book’s principles are solid and are still applicable to today’s economy. I say this because economics is many times a political subject.This book is not tainted by left or right wing media and it disproves many fallacies which are commonly used to wrongly steer our decisions. I’ll explain one of the biggest and most encompassing fallacies of all – putting America first at the expense of everyone else.

Imagine a little boy playing baseball and accidentally breaking a window. His friends all crowd around with their jaws gaping and they immediately start a philosophical conversation about the economic implications of the event. The first obvious line of thought is that a new window will have to be purchased. One boy exclaims that this will be beneficial to the window installer and hence stimulate the economy. All the boys agree and use this line of argument when confronted by the angry home owner. The home owner will have to spend 100 dollars to fix the window. The man listens to the boys but then says he was just about to use that 100 dollars to buy a new golf club. The boys learn an important economic lesson. Certain policies that appear to help, actually have a reciprocal effect of hurting others. Humans have a hard time with economics because we focus on the winners and not the losers. It is easy for us to see jobs being created but it is hard for us to imagine jobs or purchasing power being lost.

Let’s imagine that America put itself first in all trade deals. From the example above it is a fallacy to think this will benefit us because there is always another group which suffers. In this example, the domestic America manufactures may have better protection and hence better sales. But what about the American manufactures who export products to other countries? They no longer can profit from the open trade agreements and hence lose out on business. Countries around the world would have less reason to buy from America and thus would take their money elsewhere. Additionally, these policies promote greater inefficiencies which in the end reduce American purchasing power, real wages, and production potential. The negatives are overlooked because it is easy to see new manufacturing jobs, but hard to see the world economy shifting. To put it another way, policies which benefit 12.3 million American manufactures, in the long run, will hurt the other 140 million American workers.

Whats’s the win-win economic policy? The best economic policy in the long run is to have open trade. This will benefit the most efficient American manufacturers and allow Americans to have the greatest purchasing power. It will also allow other countries to buy more American products which will stimulate greater production and job growth. These policies are in fact usually trumpeted by Republicans. Ironically, Trump is pushing for more Democratic protectionist views. These aforementioned economic policies are proven effective and it only takes one to read about the sad history of protectionism to quickly understand their soundness. Hazlitt, in 1946 wrote this quote several times in the book.

“…those who are ignorant of the past are condemned to repeat it.”

Unfortunately, demagogues go for the policies that appear to be sound but usually only help specific groups in the short term. We are a globalized world and we need economic policies that benefit all sectors. We can do this in a responsible way that facilitates environmental projects, new job training, and stability in developing countries. There is no first place when it comes to economics. There is no benefit of putting America first – our strength comes from the strength of others.